For instance, if a person leaves everything above the £325,000 threshold to their spouse, civil partner, a charity, or a community amateur sports club, then there normally would be no Inheritance Tax to pay.

Another example of where there would be no tax to pay is if the value of the estate is below the £325,000 threshold.

Additionally, if a person gives their home to their children (which includes adopted, foster, or stepchildren) or grandchildren, then the threshold can increase to £475,000.

Furthermore, if a person is married or in a civil partnership and their estate is worth less than the threshold, any unused threshold can be added to the partner’s threshold when the other person dies.

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