Inheritance Tax (IHT)
Allowances
There’s normally no Inheritance Tax to pay if either:
- the value of the estate is below the £325,000 threshold
- you leave everything above the £325,000 threshold to your spouse, civil partner, a charity or a community amateur sports club
If you give away your home to your children (including adopted, foster or stepchildren) or grandchildren your threshold can increase to £500,000.
If you’re married or in a civil partnership and your estate is worth less than your threshold, any unused threshold can be added to your partner’s threshold when you die.
Provide the gross and net value of the estate for probate from the IHT checker tool.
Gross value:
Net value:
