IHT planning for LGBTQ+ couples
While personal and family circumstances will differ for each couple, tax rules are the same for both LGBTQ+ and non-LGBTQ+ couples.
Love and Legacy: How your love story could make a difference to your Inheritance Tax bill
14 February 2025
Valentine's Day is arguably the most romantic day of the year and no surprise, it is also one of the most popular days to get engaged, with 10% of all marriage proposals happening on 14 February.
IHT planning for married and civil couples
In most cases, transfers between spouses and civil partners are fully exempt from Inheritance Tax. This exemption applies to both lifetime gifts and assets transferred upon the death of one spouse. However, special care should be taken when only one spouse is long-term UK tax resident, as the spousal exemption may be limited in such cases.
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