PUBLICATION DATE: FEBRUARY 2025
PAGES: 287
EDITION: 21st
ISBN: 9781917392020
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How to Save Inheritance Tax 2025/26

By Carl Bayley BSc FCA

Proper inheritance tax planning could save your family hundreds of thousands of pounds.

This guide tells you everything you need to know about protecting your loved ones from the grave robbers tax.

Taxcafe launched How to Save Inheritance Tax over 20 years ago and we've been updating and expanding it ever since.

The latest edition is completely up to date with ALL the inheritance tax announcements made by the new Labour Government, including making pensions subject to inheritance tax (from April 2027) and the major changes to business property relief and agricultural property relief (from April 2026).

Written in plain English, examples are used to illustrate every key point.

What Information is Contained in the Guide?

Subjects covered include:

• A plain-English guide to calculating inheritance tax and how the tax works.
• The tax planning timetable: Steps to take at key points in your life.
• Up to date analysis of the impact of the 21 year freeze in the £325,000 nil rate band.
• How to use the ‘regular payment’ method to pass unlimited funds to family members.
• Tried and tested tax planning techniques for protecting the family home.
• Everything you need to know about potentially exempt transfers, tax free after 7 years.
• Lots of information throughout for landlords and property investors.
• Why pensions could still be good for passing down wealth, despite becoming subject to IHT.
• How those with pension pots could save tens of thousands of pounds in tax by altering how they leave their assets to different family members.
• Abolition of the non dom rules, replaced with a new regime based on long-term UK residence... and how you can still save a fortune by emigrating.
• Absolutely everything you need to know about using trusts to save inheritance tax.
• How to save inheritance tax and other taxes by setting up a family investment company.
• The new £1 million cap to 100% business property relief and agricultural property relief:
• Extensive guidance on how to plan for these major changes and retain as much relief as possible.
• How trusts can be used to get more relief, potentially fully exempting businesses worth up to £6.6m.
• How married business owners may be able to continue to shelter the full value of their business from IHT, at a cost of less than 0.5%.
• How to shelter the family farm, including the farmhouse, from IHT.
• The instalment option for paying IHT over 10 years: when it’s available and what it costs.
• A detailed look at whether AIM shares are still a worthwhile IHT planning strategy.
• How to also save capital gains tax when transferring assets to your family.
• Inheritance tax planning techniques for unmarried couples.
• The inheritance tax implications of remarriage.
• How to protect valuable antiques, paintings, etc from IHT.
• Things to watch out for if you're from a Scottish family or own property in Scotland.
• Important changes to:
• The rules on succession for those dying without a valid will.
• The charity exemption, requiring some people to change their wills.
• Interest charged on inheritance tax bills and how to mitigate the impact.
• IHT Planning after death - How families can still save tax after a loved one has died.

Click here to read the full contents listing and first chapter of the book

About the Author

Carl began his career as a chartered accountant over 40 years ago and is now one of the country's most respected tax experts. He is a former chairman of the Tax Faculty at the Institute of Chartered Accountants in England and Wales (ICAEW) and a former member of the Institute's governing council. He has written over 20 plain-English tax planning guides and is a regular contributor to newspapers including The Times and The Telegraph, as well as TV and radio programmes such as BBC Radio 2's Jeremy Vine Show.

Carl enjoys his role as a tax author: "The most satisfying part is the chance to give everyone a high standard of information at a very affordable price". As he often says: "My job is to translate tax into English".

Free Bonus Tax Guide - How to Save Tax 2025/26

When you order this guide you will also receive a FREE copy of How to Save Tax.

This comprehensive tax guide contains around 130 pages of tax saving tips. The latest edition includes all major tax announcements made in the October 2024 Budget and the March 2025 Spring Statement.

Please click here for more information on this excellent bonus e-book.