Inheritance tax (IHT) is a concern for many expats who retain a connection to the United Kingdom (e.g. domicile), as it can significantly impact the wealth passed down to future generations. However, with proper planning and the right strategies, it is possible to mitigate the burden of inheritance tax.
Gifting money or assets during your lifetime can help reduce inheritance tax, but the rules are often misunderstood. This guide explains the inheritance tax gift allowance, how it works, and how to avoid common gifting mistakes.

