Stuart Price: IHT considerations for unmarried couples

‘The forgotten relationship’

clock • 4 min read

There are certain practical steps cohabitees who want the same tax advantages as married couples can take, says Stuart Price - although the most sure-fire one does involve wedding bells

The number of cohabiting unmarried couples in the UK is on the rise. The Office for National Statistics has confirmed there were around 3.3m cohabiting couples recorded in 2016. Whether young relationships or later life partnerships, many have no intention of getting married yet are unaware they do not enjoy the same legal rights and tax benefits as married couples. Inheritance tax (IHT) is payable at 40% on death on assets in excess of the nil-rate band (currently £325,000). The full spouse exemption was introduced on 13 November 1974, which allowed married couples to leave their entire...

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 Tax planning

No u-turn on pension IHT overhaul as Finance Bill set to become law

No u-turn on pension IHT overhaul as Finance Bill set to become law

Poised to receive Royal Assent

Laura Miller
clock 18 March 2026 • 3 min read
The rise in UK trust registrations: What advisers need to know

The rise in UK trust registrations: What advisers need to know

Rise in trust numbers reflects regulatory expansion and growing awareness

Jemma Hotta
clock 16 March 2026 • 4 min read
IHT changes push wealthy families towards 'gifting with control'

IHT changes push wealthy families towards 'gifting with control'

Rethinking succession plans

Isabel Baxter
clock 16 March 2026 • 3 min read