At a glance
An introductory guide to inheritance tax, estates, gifts, wills and when to seek qualified tax or legal advice.
Moneykind helps you enquire about relevant professional services. We do not provide personalised financial, investment, pension, tax or legal advice. A professional will need to assess your individual circumstances before recommending any action.
What inheritance tax considers
Inheritance tax may apply to an estate and certain lifetime gifts. The outcome depends on exemptions, reliefs, thresholds and individual circumstances.
Keep your estate records organised
Maintain a list of assets, liabilities, important documents and intended beneficiaries. Review it after significant life changes.
Gifts and other planning options
Some gifts and reliefs may affect the tax position, but rules are detailed and can change. Avoid making decisions based on simplified online examples.
Coordinate legal and tax advice
A solicitor, qualified tax specialist or suitably authorised financial adviser may each have a role. Complex estates need joined-up advice.
What to do next
Write down your questions and priorities, check any firm's credentials and understand its fees before committing. For regulated financial advice, verify the firm on the FCA Financial Services Register.
For neutral public guidance, you can also explore MoneyHelper.