PUBLICATION DATE: MAY 2026
PAGES: 296
EDITION: 22nd
ISBN: 9781917392129
READ CONTENTS & FIRST SECTION

How to Save Inheritance Tax

By Carl Bayley BSc FCA

Proper inheritance tax planning could save your family hundreds of thousands of pounds.

This guide tells you everything you need to know about protecting your loved ones from the much-hated grave robbers tax.

Taxcafe launched How to Save Inheritance Tax over 20 years ago and we've been updating and expanding it ever since.

The latest edition has just been published (May 2026) and is completely up to date, covering the latest changes to pensions, business and agricultural property relief and other announcements.

The Government has also extended the £325,000 nil rate band freeze to a total of 22 years! The cost to some families will be phenomenal, making IHT planning more important than ever.

Written in plain English, examples are used to illustrate every key point.

What Information is Contained in the Guide?

Subjects covered include:

• A plain-English guide to calculating inheritance tax and how the tax works.
• The tax planning timetable: Steps to take at key points in your life.
• How to use the ‘regular payment’ method to pass unlimited funds to family members.
• Tried and tested tax planning techniques for protecting the family home.
• Everything you need to know about potentially exempt transfers, tax free after 7 years.
• Lots of information throughout for landlords and property investors.
• Why pensions could still be useful for passing down wealth, 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 guidance on how to pay inheritance tax on pensions without incurring income tax as well.
• The replacement of the non-dom rules with a new regime based on long-term UK residence... and how you can still save a fortune by emigrating.
• Absolutely everything you need to know about using trusts to save inheritance tax.
• How to save inheritance tax and other taxes by setting up a family investment company.
• The new £2.5 million cap to 100% business property relief and agricultural property relief:
• Extensive guidance on how to plan for these major changes.
• How trusts can be used to get more relief, potentially fully exempting businesses worth up to £8.15m.
• How married business owners may be able to shelter the full value of their business from IHT, at a net cost of just 0.3%.
• How to shelter the family farm, including the farmhouse, from IHT.
• The instalment option for paying IHT over 10 years: when it’s available and what it costs.
• A detailed look at whether AIM shares are still a worthwhile IHT planning strategy.
• How to also save capital gains tax when transferring assets to your family.
• Inheritance tax planning techniques for unmarried couples.
• The inheritance tax implications of getting married again.
• How to protect valuable antiques, paintings, etc from IHT.
• Things to watch out for if you're from a Scottish family or own property in Scotland.
• Important changes to:
• The rules on succession for those dying without a valid will.
• The charity exemption, requiring some people to change their wills.
• Interest charged on inheritance tax bills and how to mitigate the impact.
• IHT Planning after death - How families can still save tax after a loved one has died.
• How you can sometimes, bizarrely, leave loved ones better off leaving money to charity or local amateur sports clubs.
• Why setting up your own charitable trust will no longer provide a complete shelter from inheritance tax.

Click here to read the full contents listing and first chapter of the book

About the Author

Carl began his career as a chartered accountant over 40 years ago and is now one of the country's most respected tax experts. He is a former chairman of the Tax Faculty at the Institute of Chartered Accountants in England and Wales (ICAEW) and a former member of the Institute's governing council. He has written over 20 plain-English tax planning guides and is a regular contributor to newspapers including The Times and The Telegraph, as well as TV and radio programmes such as BBC Radio 2's Jeremy Vine Show.

Carl enjoys his role as a tax author: "The most satisfying part is the chance to give everyone a high standard of information at a very affordable price". As he often says: "My job is to translate tax into English".

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