by johnireland | Tax Talk
Taper relief is one of the most misunderstood rules in inheritance tax planning. Most people believe it gradually reduces the value of a gift over seven years. It does not. It reduces the rate of tax — and only on amounts above the nil-rate band. Here is how the...
by johnireland | Tax Talk
The Headline HMRC collected £8.5 billion in inheritance tax during the 2025-26 tax year — the highest figure ever recorded. The Office for Budget Responsibility projects receipts will exceed £14 billion annually by the end of the decade. Why It Is Happening The...
by johnireland | Tax Talk
The Gift Allowances Most Families Never Use Fewer than one in five families take full advantage of the gift exemptions available to them — and the result is thousands of pounds in unnecessary inheritance tax every year. Here is what you can give away tax-free right...
by johnireland | Tax Talk
What Has Changed Between October 2024 and April 2026, CGT rates for business owners have risen sharply. Business Asset Disposal Relief (BADR) now charges 18% on the first £1 million of qualifying gains (up from 10%). The standard rate is 24% (up from 20%)....
by johnireland | Tax Talk
What Has Changed? From 6 April 2026, the combined allowance for Business Property Relief and Agricultural Property Relief is capped at £2.5 million per person. Above that figure, the relief drops from 100% to 50%, creating an effective inheritance tax rate of 20% on...
by johnireland | Tax Talk
Property owners can shield up to £1,000,000 from inheritance tax — but only if their Will is structured correctly. The Residence Nil-Rate Band (RNRB) adds £175,000 per person to the standard nil-rate band of £325,000, giving married couples a combined IHT-free...
