Inheritance Tips: Spouse/Civil Partner Tax Relief

You can pass on to your spouse/civil partner free of inheritance tax all of your estate no matter how large it is. Assets left to other beneficiaries, including your co-habiting partner, would normally be subject to 40% inheritance tax- unless they are within the  £325,000 threshold attracting no tax.   Making your Will is an important estate planning step that can save inheritance tax by allocating assets to the right beneficiaries.