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Farra is a death administration assistant for UK families. Get step-by-step guidance for registering a death, applying for probate, notifying banks, and managing bereavement admin. From essential documents to practical checklists, Farra simplifies estate paperwork and funeral-related tasks so you can focus on what matters.

Inheritance Tax Planning

Inheritance tax affects a growing number of estates as thresholds remain frozen — the nil-rate band to April 2031, the residence nil-rate band to April 2030 and the 2025 Budget introduced major changes to business relief, agricultural relief, and pensions. These guides explain every relief and exemption available — and what changed.

21 guides

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Agricultural Property Relief Changes April 2026: What Farmers Need to KnowAPR changes from April 2026 cap full relief at £2.5m combined with BPR. Essential reading for farmers, landowners, and rural estate planners.
AIM Shares and IHT Relief: What the 2025 Budget Changes MeanAIM shares lose 100% BPR from April 2026, dropping to 50% relief. What it means for AIM IHT portfolios, existing holdings, and alternatives to consider.
Business Property Relief Changes April 2026: What Business Owners Need to KnowBPR changes from April 2026 cap relief at £2.5m combined with APR. What it means for business owners, farms, and AIM portfolios — and what planning still works.
Charitable Legacy to Reduce IHT to 36%: How It WorksLeaving 10% of your net estate to charity reduces the IHT rate from 40% to 36%. How to calculate if it is worthwhile, how to structure the legacy, and worked examples.
Deed of Variation After the 2025 Budget: Redirecting Pre-Budget GiftsCan a deed of variation undo gifts made before the 2025 Budget? What deeds of variation can and cannot do for IHT planning, with worked examples.
Gifting Strategy 2025/26: What Still Works to Reduce IHTDespite Budget changes, gifting remains the most powerful IHT tool available. Annual exemptions, gifts out of income, PETs, and more — what still works in 2025/26.
Gifts With Reservation of Benefit: How HMRC Looks Through ThemA gift with reservation of benefit stays in your estate for IHT. The classic example is giving away your home but continuing to live in it. How HMRC treats these gifts.
IHT for Non-UK Domiciles: The New Rules From April 2025From April 2025, IHT liability is based on residence not domicile. Non-doms resident for 10+ years face IHT on worldwide assets under the new long-term resident rules.
IHT on Discretionary Trusts: The 10-Year Charge and Exit Charge ExplainedDiscretionary trusts face a 10-year periodic IHT charge and an exit charge when assets leave. How the calculations work, what rates apply, and when trusts still make sense.
IHT on Jointly Owned Property: Joint Tenants vs Tenants in CommonThe way you jointly own property affects IHT on death. Joint tenants pass by survivorship; tenants in common pass by will. Which is better for IHT planning?
IHT Planning Checklist 2025/26: 20 Steps to Reduce Your Estate Tax BillA comprehensive 20-step IHT planning checklist for 2025/26. Covers gifting, trusts, nil-rate bands, insurance, charitable legacies, and the new Budget changes.
Inheritance Tax Changes for Farming and Business Families: What April 2026 MeansFrom 6 April 2026, Agricultural Property Relief and Business Property Relief are capped at £2.5 million per person. Farming and business-owning families face unexpected inheritance tax bills for the first time.
Life Insurance in Trust: How to Remove the Payout From Your EstateA life insurance policy written in trust pays out outside your estate, avoiding IHT on the proceeds. How trusts work, which to use, and the steps to set one up.
Non-Dom IHT Reforms 2025: The New 10-Year Resident Rule ExplainedThe non-dom IHT regime changes from April 2025. The new 10-year resident rule means long-term UK residents face IHT on worldwide assets. What you need to know.
Normal Expenditure Out of Income: The Most Underused IHT ExemptionRegular gifts from surplus income are completely exempt from IHT with no annual limit. How the exemption works, what HMRC requires, and how to document it correctly.
Pensions and IHT From April 2027: Worked Examples and Planning GuideFrom April 2027, unspent pension funds fall into your taxable estate. Worked examples show the impact and the planning steps that can still reduce the bill.
Pensions and Inheritance Tax from April 2027: What Executors Need to Know NowFrom April 2027, unused pension funds are included in the taxable estate for the first time. HMRC estimates 10,500 estates a year will owe inheritance tax that would not have done, and 38,500 will pay more. What executors must do, and the deadlines in HMRC's August 2026 technical note.
Pre-Owned Asset Charge (POAT): When Gifting a Home Creates a Tax TrapThe pre-owned asset charge applies an income tax charge when you give away an asset and continue to benefit from it. How POAT works, how it interacts with GWR, and planning options.
Taper Relief on Gifts: Worked Examples for Every 7-Year WindowTaper relief reduces IHT on gifts made 3–7 years before death. Worked examples for every year window show exactly how much tax is saved — and common misconceptions explained.
Transferring the Nil Rate Band Between Spouses: Complete GuideUnused nil-rate band and RNRB from a deceased spouse transfers to the survivor, potentially doubling the IHT-free threshold to £1m. How it works and how to claim it.
Why More Families Are Paying Inheritance Tax Than Ever BeforeThe inheritance tax threshold has been frozen until 2031. With rising house prices, hundreds of thousands more families will pay IHT who never expected to. Here's what it means for your estate.