general
How Inheritance Tax works: thresholds, rules and allowances
Overview
Inheritance Tax is a tax on the estate (the property, money and possessions) of someone who’s died. Funds from your estate are used to pay Inheritance Tax to HM Revenue and Customs (HMRC).
Gifts and Inheritance Tax
People you give gifts to might have to pay Inheritance Tax, but only if you give away more than £325,000 and die within 7 years.
Related reading
FAQ
Q1: What is Inheritance Tax?
Inheritance Tax is a tax on the estate (the property, money and possessions) of someone who’s died.
Q2: How is Inheritance Tax paid?
Funds from your estate are used to pay Inheritance Tax to HM Revenue and Customs (HMRC).