Spelling out the options

clock

In the first of his two part series on inheritance tax Richard Warner goes through the ABC of IHT planning

Assets All assets held in your sole name at the time you die will form part of your estate and may be liable for inheritance tax (IHT). Assets you own jointly with another person will pass by survivorship to the joint owner and may, or may not, be liable to IHT dependent on your relationship with the joint owner. Business Property Relief This relief may be available if your estate includes an interest in certain types of business, business assets or private company shares. However, to qualify you need to have held the asset for at least two full years and, in some cases, hold a contro...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Estate planning

Trust Registration Service: A hidden opportunity for advisers?

Trust Registration Service: A hidden opportunity for advisers?

More than a registration exercise

Dave Lardner
clock 06 August 2026 • 6 min read
Burnham to lay out social care plans amid 'death tax' speculation

Burnham to lay out social care plans amid 'death tax' speculation

Could look to 10% levy on all estates, reports suggest

Jen Frost
clock 28 July 2026 • 3 min read
Probate fee to rise by 75% from mid-July

Probate fee to rise by 75% from mid-July

Broader client conversations on estate planning encouraged

Jaskeet Briah
clock 09 July 2026 • 3 min read