Law For Life | Episode 10 | Inheritance Tax

Law For Life

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Wednesday, 11 February 2026 - 29 minutes

Inheritance Tax – it’s one of those topics many people don’t fully understand, but it can have a huge impact on families and future planning.

In this episode of Law for Life, the Franklin Solicitors podcast, Chris sits down with Eddie Bell from the Wills, Trusts and Probate team to unpack the often confusing world of IHT. From thresholds and tax rates to common myths and costly mistakes, this episode offers a clear and practical overview of what inheritance tax really means for you.

They discuss:

• What inheritance tax actually is and who it affects
• The current nil rate band and residence nil rate band
• Why more estates are being caught by IHT
• Gifting rules and the seven-year rule
• Business and agricultural property relief
• The risks of putting your home into trust
• Lifetime gifts and surplus income exemptions
• Loans to children and how they’re treated
• Charitable giving and the reduced 36% tax rate
• Upcoming changes to pension taxation for IHT
• Deeds of variation and smart estate planning
• What happens if someone dies without a will

With inheritance tax receipts rising and thresholds frozen for years, this is no longer just a concern for the “super wealthy”. Whether you’re planning your estate, supporting your children financially, or simply want to understand the rules, this episode provides essential guidance.

As always, personal advice is key – every situation is different.

If you’ve found this helpful, make sure you subscribe for more practical legal insights from the team at Franklin Solicitors.

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