Money Box Money Box Live: Inheritance Tax
10 snips
Feb 11, 2026 Nina Sperring, wealth protection solicitor specialising in estate planning and trusts, and Clare Moffat, pension and tax specialist at Royal London, unpack inheritance tax basics and rising pressures. They cover thresholds and transferable allowances. They explore gifting rules, the seven-year taper, residence and farm reliefs, deeds of variation, upcoming pension IHT changes and charitable giving effects.
AI Snips
Chapters
Transcript
Episode notes
Core IHT Thresholds And Married Couples
- The nil-rate band is £325,000 and the residence nil-rate band adds £175,000 when passing property to direct descendants.
- A married couple can combine allowances, effectively allowing up to £1m tax-free inheritance for property to children.
Fiscal Drag Is Increasing IHT Exposure
- Only about 5% of estates paid IHT in 2022 but this is expected to rise because the main threshold hasn't changed since 2009.
- Rising house prices create fiscal drag that pushes more estates over the threshold.
Check Rules Before Selling A Home For Care Fees
- Don't assume selling a home for care fees always removes the residence nil-rate band; check gov.uk exceptions first.
- Take professional advice before selling a property used to pay care costs to preserve IHT relief where possible.