Inheritance tax

Frequently asked questions from Markel Tax on inheritance tax.

Note these FAQs were correct at the time of going to press and should be considered as principles based guidance. To check current validity, call the Markel Tax helpline.

Inheritance Tax – residence nil rate band

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December 2021

FAQ about whether a house gifted to a client in 2010 by his mother, which she continued to occupy until her death, will put my client outside the Nil Rate Band for inheritance tax

Personal tax

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March 2020

FAQ on on the tax implications of a client gifting rental property, which they own outright, to their adult children.

Residence/domicile and treatment of inherited land

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December 2019

FAQ on the assessment of residential status of the UK-born daughters of a client who has been a UK resident for 25 years ago but was non-domiciled when he arrived, for the purpose of selling a piece of land inherited from the man's father.