Tax Reliefs and Exemptions

When you own assets overseas and pass away, both the UK and the foreign country may try to charge tax on the same assets. This means you could face Inheritance Tax twice on the same property. Fortunately, relief is available to reduce or eliminate this double charge, either through formal tax...

4 min read

When a person dies owning property that qualifies for Agricultural Relief or Business Relief, working out how much Inheritance Tax relief applies can be complex—especially with the new rules taking effect from 6 April 2026. From that date, there's a £2.5 million cap on relief at the 100% rate, with...

5 min read

If you own historic buildings, important artworks, or other items of national significance, you may be able to pass them on free from Inheritance Tax and Capital Gains Tax. The conditional exemption scheme protects Britain's heritage whilst offering substantial tax relief to owners who agree to...

4 min read

Agricultural Relief is a valuable Inheritance Tax (IHT) relief that allows farmers and landowners to pass on qualifying agricultural property free of tax, or at a reduced rate. Understanding which assets qualify and the conditions you must meet can significantly reduce the tax burden on your estate...

6 min read

Business Relief is a valuable tax break that can reduce or even eliminate the Inheritance Tax bill on business assets and shares when someone dies or gives them away during their lifetime. For many family businesses, this relief makes the difference between being able to pass the business on to the...

5 min read