Tax benefits for married couples in the UK
Marriage or civil partnerships, in the eyes of the law makes a large difference to a couple’s financial status. If you just live together, you could lose out on Inheritance Tax mitigation strategies, even if you have been partners for a long period of time.
Gifts out of income
Making gifts from your income to avoid Inheritance Tax
One question which always gets asked: How can I reduce inheritance tax on my estate when all my capital is tied up? One answer to that question is that if you can afford it then you can make lifetime gifts of capital. This is one of the most effective IHT planning strategies.