Will My Estate Pay Inheritance Tax?

Inheritance Tax does not apply to every estate. Whether it is payable depends on the value of the estate, the available allowances and exemptions, and the circumstances of the people inheriting.

As at October 2026, the standard Inheritance Tax nil rate band is £325,000. An additional residence nil rate band of up to £175,000 may also be available where a qualifying home passes to direct descendants.

Married couples and civil partners can generally leave assets to each other free of Inheritance Tax, and unused allowances may be transferable to the surviving spouse or civil partner’s estate.

Reliefs may also apply in some circumstances, including where an estate contains qualifying business or agricultural assets.

A properly drafted Will can form part of wider estate planning, particularly where there are concerns about Inheritance Tax, family circumstances, property ownership or the way assets should pass after death.

It is also important to understand that the tax position depends on the whole estate and not simply on one asset in isolation.

At MJV Solicitors, we advise clients on Wills and estate planning with their individual circumstances in mind.

For more information about making or updating a Will, read our complete guide to Wills and Estate Planning.