Book or course on Inheritance tax Planning?

wanna_make_some_dough

Could someone please suggest a good book/s or a MOOC or Coursera (free online course) course on inheritance tax planning. Thanks.

Dead_keen

No. I'd start with ChatGPT (***) and ask questions about things. Then have a look at the links it gives. Then go back to ChatGPT and apply it to your circumstances. Interactive is way better than some course. Also, be ware that if something is trying to sell you a trust (for care home fees or IHT planning), especially if it relates to your own home, run a 1.6km. Feel free to ask specific questions here.

(***) other language models are available.

eskbanker

Can't give recommendations from any experience but https://www.amazon.co.uk/s?k=books+on+inheritance+tax+planning would seem to be somewhere to start - the key will be to ensure that anything you do consider buying is (a) specific to the UK and (b) up to date, as it's an area that changes fairly frequently (pensions, farms, etc)…

An alternative approach would be to outline your financial circumstances on here and seek suggestions?

DRS1

Tolley's do standard books on UK taxes each year. I just looked up the price of their 2026/7 IHT book - yikes!

littlemoney

Tongue in cheek plan

1.Spend most of your money on things you enjoy cars, holidays etc

2.Sell your house, spend most of your money, rent a place

All taken care of - loads of benefits, care home costs paid for you. No inheritance tax or any other taxes to worry about.

------------‐----

In today's world only mugs work hard all their lives, go without and save to provide for themselves when times get hard or help is needed.

The government takes everything from you as your reward for all your hard work to fund all the benefits handed out. If you've never worked and never saved, everything will be provided for you.

And I'm one of the mugs who worked and saved.

silvercar

I'd be careful with any books, they soon become out of date.

By way of one example, the inclusion of pensions in estates from April 2027 will massively change tax planning. Whereas until then there was wisdom in spending your savings and keeping your pension pot until last (as it is currently outside of your estate) from April 2027 it will be inside estates and so this changes the order in which you may spend your money.

phlebas192

I found Carl Bayley's 'How to Save Inheritance Tax' good. He updates it every year so whilst it will inevitably go out of date it is as accurate as practical as long as you buy the latest edition - current one was published this May https://www.amazon.co.uk/How-Save-Inheritance-Tax-2026/dp/1917392125/ref%3Dsr_1_4

I bought my copy back in 2021 so it obviously cannot be relied on for current details, but the underlying fundamental principles still apply..

poseidon1

https://forums.moneysavingexpert.com/discussion/comment/82122839#Comment_82122839

Interesting to see Bayley's book purports to address in 'plain english', IHT strategies covering archane areas such as business property relief, agricultural property relief, Family Investment Companies ( FICs), trusts of all descriptions, etc.

Can I assume he nonetheless reccomends anyone interested in considering any of these more complex aspects of IHT planning, seek professional advice for bespoke planning and execution?

phlebas192

https://forums.moneysavingexpert.com/discussion/comment/82123350#Comment_82123350

There's a general disclaimer at the start of the book which does recommend consulting suitably qualified individuals. Within the text itself, he is describing what is possible and points out pitfalls. He is not making recommendations that anyone does anything.

Let's face it anyone making complex arrangements based on a book, article, website etc without seeking professional advice deserves what they get.

poseidon1

https://forums.moneysavingexpert.com/discussion/comment/82123448#Comment_82123448

Let's include ChatGPT and its ilk in that list!