Few parts of the UK tax system generate as much confusion as Inheritance Tax (IHT). Misconceptions are widespread, and for many families they can lead to poor planning decisions with significant financial consequences.
Few parts of the UK tax system generate as much confusion as Inheritance Tax (IHT). Misconceptions are widespread, and for many families they can lead to poor planning decisions with significant financial consequences.
Praxity member firm SHORTS has a new episode of their podcast, Accountable by Shorts, where Tax Partner Craig Walker CTA, ATT, TEP, Private Client Senior Manager Mark Trevenna, and Digital Content Lead Kirsten Amor cut through the noise on IHT, covering how it actually works, why myths persist, and what practical estate planning really looks like.
Key topics covered include how IHT applies across different asset types, the realities of gifting rules and Taper Relief, common misconceptions around wills, pensions, ISAs, and offshore assets, and the practical steps individuals and families can take to protect their estate.
Whether you are just beginning to think about estate planning or looking to revisit an existing approach, this episode offers clear, expert guidance grounded in real-world experience.