What about downsizing to a smaller property?

The new inheritance tax relief for passing on the family home is protected even when you downsize to a smaller property. For example, if a married couple currently lives in a large house worth £500,000 and downsizes to a flat worth £250,000 they could give away some of the proceeds during their lifetime and yet still benefit from inheritance tax relief based on the higher valued property. They could even sell up completely and move into a rental property and still get the inheritance tax relief!

Good luck to everyone running the Manchester Marathon

VAT on public electric vehicle charging: tribunal challenges HMRC position

Dividends: increased scrutiny and new reporting requirements

What the 2026/27 tax year means for your business: key changes to plan for now