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Inheritance tax

Expert commentary and practical guidance from ICAEW related to inheritance tax in the UK personal tax regime.

In this section

Practical guidance

ICAEW's Tax Faculty produces TAXguides to provide practical support on technical areas of tax

TAXguide 10/15

Inheritance Tax and Trusts: Trust variations and settlements

TAXguide 09/15

Inheritance Tax and Trusts: Update on Finance Act 2006 - Agreed correspondence with HMRC (replaces TAXGUIDE 01/07)

TAXguide 08/15

Non-domiciliary announcements made at summer budget 2015

TAXguide 02/15

Capital taxes liaison group minutes

TAXguide 01/14

IHT Business Property Relief - Interests in Partnerships LLPs and surplus cash holdings. Guidance agreed with HMRC (ICAEW Tax Faculty, CIOT and STEP)

Features and articles

Will land in fully environmental usage still be eligible for APR?

With the general move towards ‘greener’ farming following on from the Health and Harmony consultation and the Agriculture Act, some concerns have been raised as to whether land which is put into long term schemes that are fundamentally environmental rather than agricultural will still be eligible for the existing Inheritance Tax reliefs.

Changes to the inheritance tax reporting rules

Changes to the excepted estate rules announced this year will apply from January 1, 2022. ICAEW technical editor Lindsey Wicks looks at the effects as more than 90% of non-taxpaying estates will no longer have to complete full inheritance tax accounts.

The benefits of professional collaboration

This inheritance tax and estate planning guide aims to raise awareness of the opportunities for chartered accountants to work more collaboratively with regulated financial advisers and other personal financial planning professionals.

Tax news in brief

Highlights from the broader tax news week ending 26 October, which includes: new legislation for the health and social care levy and simplifying inheritance tax rules. A deadline reminder for final CJRS claims, more agent webinars from HMRC and confirmation that HGV drivers on temporary visas are not entitled to tax relief on accommodation.

Farm business tenancies after Brexit

Julie Butler and Libby James investigate how farm business tenancies (FBTs) and contract farming arrangements (CFAs) will be affected as we move from the EU’s common agricultural policy to a new farm support system, with reference to inheritance tax and capital gains tax.

Webinars and recordings

Bloomsbury Core Accounting and Tax Service

Eligible firms have free access to Bloomsbury Professional's comprehensive online library, comprising more than 60 titles from some of the country's leading tax and accounting subject matter experts. Find out who is eligible and how you can access the Core Accounting and Tax Service.

Capital taxes

Concise chapters covering capital gains taxation, capital losses and inheritance taxation in the UK.

Personal tax planning

A clear, concise reference guide explaining the main principles and practice underlying personal tax planning in the UK.

Inheritance tax

Practical advice on the potential implications of business incorporation upon inheritance tax reliefs.

Inheritance tax and estates

Tax rates and tables for inheritance tax and estates, updated in line with the October 2021 Autumn Budget and changes proposed in the Finance Bill 2022.

Selling the owner-managed business or company

Tax planning advice on selling a family or owner-managed company, written for anyone who advises or runs one.

Business property relief and agricultural property relief

Practical guidance on business property relief and agricultural property relief for inheritance tax.

Agricultural, business and heritage property relief

Expert guide to the rules of inheritance tax relief for business, farm, woodland and heritage property.

Business property relief

Practical advice on business property relief issues in relation to inheritance tax planning.

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Representations

ICAEW REP 65/21: Tax Administration Framework Review

In responding to HMRC's consultation on the Tax Administration Framework Review ICAEW argues that the starting point of such tax reform should be significant simplification of the underlying tax rules and that HMRC needs to be given the resources and funding to give it the capacity to take on such a major piece of work.

ICAEW REP 50/17

FB 2017 Changes relevant to non-UK domiciliaries

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