{"id":575849,"date":"2026-05-10T04:48:10","date_gmt":"2026-05-10T04:48:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/575849\/"},"modified":"2026-05-10T04:48:10","modified_gmt":"2026-05-10T04:48:10","slug":"hmrc-inheritance-tax-loophole-lets-uk-households-leave-1-million-behind","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/575849\/","title":{"rendered":"HMRC inheritance tax loophole lets UK households leave \u00a31 million behind"},"content":{"rendered":"

BBC and ITV star Martin Lewis says there’s a way you can legally avoid Inheritance Tax by boosting your threshold by an extra \u00a3675,000.\"BBC<\/p>\n

BBC and ITV star\u00a0Martin Lewis says there’s a way you can legally avoid Inheritance Tax by boosting your threshold by an extra \u00a3675,000.<\/p>\n

A HMRC Inheritance Tax loophole can let UK households leave \u00a31m behind – tax-free<\/a>. BBC and ITV star Martin Lewis says there’s a way you can legally avoid Inheritance Tax by boosting your threshold by an extra \u00a3675,000.<\/a><\/p>\n

Under HMRC rules, people can only leave \u00a3325,000 to their loved ones when they die. But Osborne Law explain how married couples can increase their standard \u00a3325,000 Inheritance Tax to an eye-watering \u00a31 MILLION.<\/p>\n

Eslpeth Nielsen explains: “Inheritance tax of 40% currently applies to assets worth over \u00a3325,000, with each individual able to claim an additional tax-free allowance when a residential property is passed on to a direct descendant.<\/p>\n

READ MORE People on seven DWP benefits ‘really’ worried about rule change from July<\/a><\/p>\n

“The allowance will rise by \u00a325,000 this year to \u00a3175,000, allowing a married couple to pass on up to \u00a31m tax-free, as long as the family home is included.”<\/p>\n

Mr Lewis, aged 52,Lewis says there are two major benefits.<\/p>\n

\u201cThe first is that anything you leave to your spouse is exempt from inheritance tax,\u201d he said.<\/p>\n

\u201cSo even if you were incredibly wealthy and leaving billions, there would be no inheritance tax when it passes to your husband, wife or civil partner.\u201d<\/p>\n

The second benefit is that unused allowances can be transferred to the surviving partner.<\/p>\n

\u201cImagine you die and leave everything to your spouse,\u201d Lewis explained.<\/p>\n

\u201cThat means your allowances haven\u2019t been used. When your partner later dies, they can combine their allowance with yours.\u201d<\/p>\n

\u201cThat means together they could leave up to \u00a31 million to their children without inheritance tax.\u201d<\/p>\n

\u201cThere are lots of rules about gifts you can make while you\u2019re alive, whether they\u2019re given from income or covered by specific allowances,\u201d he said.<\/p>\n

\u201cThese can all help reduce the amount of inheritance tax that might eventually be due.\u201d<\/p>\n

\u201cThere are huge numbers of rules around gifting and allowances,\u201d he said.<\/p>\n

\u201cWe go through them in detail so people really understand how inheritance tax works.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"BBC and ITV star Martin Lewis says there’s a way you can legally avoid Inheritance Tax by boosting…\n","protected":false},"author":2,"featured_media":575850,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[84,4176,2218,4174,4175,56,54,55],"class_list":["post-575849","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-finance","tag-hmrc","tag-personal-finance","tag-personalfinance","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/575849","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=575849"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/575849\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/575850"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=575849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=575849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=575849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}