John Humphreys: Timing the timeframes to plan for IHT certainty

Transfers and reliefs

clock • 5 min read

The twin certainties of death and taxes come together in the less than welcome shape of inheritance tax but, explains John Humphreys, methods do exist to address potential liabilities in the shorter as well as longer term

It is now more than 300 years since the certainty of "death and taxes" was first observed in published print and the line has gone on to inspire books, television programmes, music, at least one US President and even a beer. Still, despite the current period of historical uncertainty, government receipts suggest many families are still not allowing enough time to plan for these two certainties, uniting together in the form of an inheritance tax (IHT) bill. The rules for lifetime transfers of capital mean the simplest way to mitigate IHT is to give away assets and survive seven years. Whi...

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

'The first of many lasts' – Marking a different tax year end

'The first of many lasts' – Marking a different tax year end

Advisers and clients having to digest changes under Labour

Isabel Baxter
clock 01 April 2026 • 5 min read
Treasury rejects Lords' IHT on pensions recommendations

Treasury rejects Lords' IHT on pensions recommendations

Final guidance to be published in Spring 2027

Isabel Baxter
clock 31 March 2026 • 3 min read
Reliable Returns: Foreign equity returns and the growing significance of operational leakage

Reliable Returns: Foreign equity returns and the growing significance of operational leakage

'The strategic case for foreign equity exposure remains compelling'

Steven Everard
clock 27 March 2026 • 4 min read