Inheritance tax: overview
This practice note provides an overview of UK inheritance tax: when it is charged and the available reliefs and exemptions. It is intended as an introduction for those who are unfamilar with the charge, or as a refresher.
We are updating this resource in the light of the further consultation document on reforms to the taxation of non-UK domiciled individuals published by HMRC on 18 August. To follow progress of this development see Private client tax legislation tracker 2015-16: Permanent non domiciled tax status abolished, IHT: UK Property owned indirectly, Remittance basis: de minimis exemption, Remittance basis: business investment relief.