Inheritance tax (IHT) is often seen as an unavoidable part of passing on wealth — but with the right strategies, it doesn’t have to be.
At Clarity Wealth Limited, we believe in giving families the tools and guidance they need to plan with confidence. In our latest video, we explain not only the key exemptions and reliefs available, but also how to understand if your estate might have an inheritance tax liability in the first place.
Many people are surprised to discover that, with careful planning, it’s possible to significantly reduce — or even eliminate — the amount of tax payable on their estate.
What We Cover in the Video:
💡 Understanding Your IHT Position
Before you plan, it’s important to know where you stand. We break down the current inheritance tax thresholds — including the nil-rate band and residence nil-rate band — and explain how to calculate whether your estate may face a tax liability.
💍 Spouse or Civil Partner Exemption
Anything left to a spouse or civil partner is generally exempt from IHT. We clarify how this exemption works and what happens when the estate passes to the next generation.
🎁 Annual and Small Gift Allowances
Giving during your lifetime can reduce your estate — and your tax bill. We explore the annual allowance, small gift exemptions, and how to use them effectively.
💒 Wedding Gift Exemptions
Gifts made in connection with marriage or civil partnership can also be exempt, up to certain limits. We outline what parents, grandparents and others can give without triggering a tax charge.
💷 Regular Gifts from Surplus Income
One of the most underused — yet powerful — exemptions. We explain how making regular gifts from your income (rather than capital) can fall entirely outside your estate for IHT purposes.
❤️ Charitable Donations
Charitable giving not only supports causes you care about — it can also reduce your inheritance tax rate. We show how donations in your will can bring your IHT rate down from 40% to 36%.
⏳ The 7-Year Rule
Gifting assets outright? Timing matters. We explain how gifts made more than seven years before your death can fall outside your taxable estate — and what to watch out for.
📈 Business Property Relief (BPR)
Certain investments in trading businesses or qualifying shares can qualify for 100% relief from IHT. We look at how BPR works, who it’s suitable for, and the risks involved.
Don’t Leave Your Legacy to Chance
Inheritance tax planning isn’t just for the wealthy — it’s for anyone who wants to pass on more of their assets to the people and causes they care about.
At Clarity Wealth Limited, we help individuals and families make sense of the rules, assess their position, and put a clear plan in place to protect what matters most.
📞 Book a free consultation with one of our planners
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Don’t leave your legacy to chance. With the right plan in place, inheritance tax doesn’t have to be inevitable.
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