Skip to content A limited liability partnership (LLP) lets property landlords share rental profit by agreement rather than by fixed ownership shares, moving income to a spouse or adult child on a lower tax rate. It works only where the LLP runs a genuine property business, the family members are real partners, and the split reflects substance.
Yes. The gifts out of normal income exemption remains fully available in the 2026 to 2027 tax year, with no monetary cap. It survived the Autumn Budget of 26 November 2025, which left lifetime gifting rules unchanged.
The £325,000 nil-rate band currently sits as a death-only threshold, with separate rules covering most lifetime gifts. If a future Budget converts it into a lifetime limit, every gift you make during your life would count against the same £325,000, leaving little or no allowance for your estate at death.
Most people are familiar with HMRC in the context of income tax or self-assessment, but far fewer understand the role it plays when someone dies.
From April 2026, HMRC will begin requiring many individuals earning over £50,000 to report their income digitally every quarter, not once a year.
A death bed marriage is a legally valid marriage that takes place shortly before one partner dies. In the UK, this can have a profound impact on Inheritance Tax and on who inherits the estate. In many cases, it is used to ensure a surviving partner benefits from the spouse exemption and avoids a substantial tax bill. While effective, it can also create legal and family disputes if not handled carefully.
Inheritance Tax is highly unlikely to be abolished in the UK. While reform is increasingly probable, complete abolition would remove a growing and politically sensitive source of revenue at a time of sustained public debt. All credible signals point towards structural change, not elimination.
HMRC does not rely on trust or guesswork when an estate is reported. The value of your estate is established through formal declarations, third-party data, professional valuations, and post-death investigations. Executors are legally responsible for accuracy, even when assets are complex or difficult to value.
Yes, it is possible to gift part of your home to an adult child who lives with you. However, this is one of the most commonly misunderstood inheritance tax planning strategies.
Yes. An Executor can be personally liable for Inheritance Tax if they distribute an Estate incorrectly or fail to ensure the full tax liability is settled before releasing assets to beneficiaries. This liability applies even if the Executor is not a beneficiary and even if the mistake was unintentional. This is one of the most misunderstood risks of acting as an Executor in England and Wales.
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