Inheritance Tax
Inheritance Tax Planning That Protects What You Leave Behind
Even if your estate may be liable for inheritance tax, there are ways to reduce the impact. At The Mortgage Shop, we take time to understand your situation and explain what HMRC rules mean for thresholds, allowances and gifts, so you can plan with confidence. Speak to us for clear, jargon-free guidance and practical next steps. (Information only, not personal advice.)
Our Story
Part of a Trusted National Network
Weāre proud to be part of the Openwork network, one of the UKās largest and most established financial advice networks.
This gives us access to a carefully selected panel of reputable providers, offering a broad range of solutions to help manage inheritance tax planning. As part of a trusted national network, our advisers can explain the latest HMRC thresholds, allowances and exemptions, and outline strategies such as gifts, trusts and life policies. As a whole-of-market advice firm, we match you with clear, compliant options designed to protect your estate and pass on more of your wealth to your loved ones.
Bad Credit Explained
What Counts as āInheritance Taxā for your estate?
In the UK, inheritance tax (IHT) may be due on the part of your estate that exceeds your allowances. Knowing whatās includedāand the 7-year rules on giftsāhelps you plan realistically.ā
If you want the whole section in that shorter style:
In the UK, IHT may be due on the value of your estate above your allowances. Understanding whatās includedāand the 7-year gift rulesāhelps you plan realistically.
What HMRC usually counts
Estate assets: property, savings, investments, valuables
Gifts in the last 7 years (taper relief may apply)
Gifts with reservation (e.g., give away a home but still live there)
Some transfers into trusts
Information only, not personal advice.
Key Factors in Approval
How HMRC Assesses Inheritance Tax
For inheritance tax (IHT), HMRC looks beyond headline estate value to overall allowances, gifts and who inherits. The big levers are your nil-rate bands, gifts in the last 7 years, and how your assets are structured.
Key factors
Allowances: Nil-Rate Band and Residence Nil-Rate Band (where a main home passes to direct descendants).
Estate value: Property, savings, investments and valuables after debts.
Gifts (7-year rule): Larger gifts may be chargeable; taper relief can apply.
Spouse/civil partner exemption: Usually no IHT on transfers between UK-domiciled spouses/partners.
Domicile & reliefs: Domicile status and business/agricultural reliefs can change the outcome.
Our Approach
We Can Help You:
Our advisers will take the time to understand your situation, explain your options clearly, and guide you through every step of the life insurance journey ā from initial enquiry to completion.
Life insurance
Provides financial support for your loved ones if you pass away
Family income benefit
Provides ongoing support for your family in the event of your death
Critical illness cover
Pays out a lump sum if youāre diagnosed with a serious illness covered by the policy
Mortgage protection
Helps ensure your mortgage can still be repaid if you become ill or pass away
Income protection
Offers a regular income if you're unable to work due to illness or injury
Mortgages For Bad Credit
As a specialist bad credit mortgage broker, weāll assess your circumstances, and guide you through the process
Inheritance tax planning isnāt just about paperwork ā itās about preserving what youāve built so more reaches the people you care about. Weāll explain HMRC thresholds, allowances and gifting in plain English, and help you map practical next steps with confidence.
Inheritance tax planning is subject to HMRC rules and your personal circumstances. Tax thresholds, allowances and reliefs can change, and any benefits depend on your situation. This content is information only and not personal tax or financial advice.
Why Choose The Mortgage Shop?
With over three decades of experience, we have built a reputation for excellence and customer satisfaction in the mortgage and financial services industry.
Family-run business
with local values
Friendly, straightforward advice
no jargon, no pressure
Tailored protection plans
to suit your life, needs, and budget
Access to quality providers
through the trusted Openwork network
Support every step of the way,
from first enquiry to application
