by johnireland | Tax Talk
Moving abroad does not take your estate out of UK inheritance tax straight away.Since 6 April 2025, UK inheritance tax on your worldwide estate depends on being a long-term UK resident — UK resident in at least 10 of the previous 20 tax years.Leave the UK and you stay...
by johnireland | Tax Talk
Probate value is not the final word. What executors actually sell for can change the tax bill in either direction.If executors sell land or buildings within four years of death for less than probate value, they can claim inheritance tax back on form IHT38.All land...
by johnireland | Tax Talk
Inheritance tax has to be paid by the end of the sixth month after death — and usually before your executors can get probate. But without probate, most of the estate’s money is frozen. That is the executor’s catch-22.The ways through it:Direct Payment...
by johnireland | Tax Talk
Giving the family home to the children and carrying on living in it does not work for Inheritance Tax. It is a gift with reservation of benefit — HMRC’s rules at IHTM14300 onwards. The house is treated as still in your estate on death, at its value then. The...
by johnireland | Tax Talk
HMRC has started sending agents an educational letter about the “excepted estate” shortcut for probate — the route that lets many non-taxpaying estates skip a full Inheritance Tax account (IHT400). The letters target applications filed at or near £325,000,...
by johnireland | Tax Talk
The Autumn Budget is on 28 October 2026, and the run-up brings the usual wave of speculation about further changes to Business Relief and Agricultural Property Relief on top of the £2.5 million cap already coming in from April 2026. That speculation is not fact, and...
