How to Save Inheritance Tax 2025/26

Proper inheritance tax planning could save your family hundreds of thousands of pounds. This comprehensive book tells you everything you need to know about protecting your loved ones from the grave robbers tax.

It takes a detailed look at both simple and sophisticated tax planning strategies and will help you decide what action you and your family should take now.

The latest edition is completely up to date with ALL the inheritance tax announcements made by the new Labour Government, including making pensions subject to inheritance tax (April 2027) and the major changes to business property relief and agricultural property relief (April 2026).

The author, Carl Bayley, is a former chairman of the Tax Faculty at the Institute of Chartered Accountants in England and Wales.

Topics covered in the guide include:

• A plain-English guide to calculating inheritance tax and how the tax works.
• Tax planning timetable: Steps to take at key points in your life.
• Tried and tested tax planning techniques for protecting the family home.
• How to gift assets during your lifetime without causing financial hardship to you and your spouse.
• Up to date analysis of the impact of the 21 year freeze in the 325,000 nil rate band.
• How pensions could still be a good way to pass wealth to the next generation, despite becoming subject to IHT.
• How those with pension pots could save tens of thousands of pounds in tax by altering how they leave their assets to different family members.
• Detailed analysis of the impact of the 1 million cap on 100% relief for farmers and other business owners, plus extensive guidance on how to plan for this major change.
• A detailed look at whether AIM shares are still a worthwhile IHT planning strategy.
• Absolutely everything you need to know about using trusts to save inheritance tax.
• How trusts can be used to get more business or agricultural property relief, potentially fully exempting businesses worth up to 6.6m.
• How to save tax by setting up a family investment company.
• The new rules on long-term UK residence explained, and how you can still save a fortune by emigrating.
• Lots of information throughout for landlords, property investors, business owners and those who own farms.

Dozens of clear real-life examples are used throughout to explain important points.