--- title: A Guide to Understanding Inheritance Tax description: Download our comprehensive guide on Inheritance Tax to explore estate planning strategies, Business Relief options, and the latest legislative changes to effectively manage your estate. --- **Capital at risk.** Investments that qualify for Business Relief place your capital at risk. The value of your investment can fall or rise, and you may not get back the full amount invested. [Main site](https://www.pxninvestments.co.uk/) Estate planning Free download 2026 edition # A Guide to Understanding Inheritance Tax A comprehensive guide covering IHT allowances, estate planning strategies, Business Relief, trusts, gifting rules, and the latest legislative changes — everything you need to plan your estate effectively. [Download Free Guide](https://landing.pxngroup.co.uk/a-guide-to-understanding-inheritance-tax#pxn-download-form) ![A Guide to Understanding Inheritance Tax 2026 Cover](https://landing.pxngroup.co.uk/hubfs/pxn-landing-pages/images.jpeg) 20 pages ~15 min read ## Get Your Free Copy Complete the form to download your copy of the IHT Guide. This resource is designed to help you understand your estate planning options and the various reliefs available to reduce your Inheritance Tax liability. #### Estate Valuation & Allowances Understand how your estate is valued and learn about nil rate bands, residence allowances, and spousal transfers. #### Gifting & Trust Strategies Explore exemptions, the seven-year rule, and how trusts can help pass on wealth to future generations. #### Business Relief Learn how qualifying investments can provide up to 100% IHT relief after just two years of ownership. #### Latest Rule Changes Updated for 2026 including pension inclusion from April 2027 and new Business Relief allowance caps. ### Download the Guide Fill in your details below to receive your copy Loading form... By submitting this form, you agree to receive marketing communications from PXN Investments. View our [Privacy Policy](https://www.pxninvestments.co.uk/privacy-policy). What's Inside ## Guide Contents Everything you need to understand Inheritance Tax and the planning options available to help protect your estate. #### An Introduction to IHT Understanding the nil rate band, residence nil rate band, spousal exemptions, and how IHT is calculated on your estate. #### Calculating Your Estate How to value your estate including property, savings, investments, and debts — with worked examples for individuals and couples. #### The Residence Nil Rate Band The additional £175,000 allowance for your home, who qualifies, and how it works for couples leaving property to descendants. #### Pension Schemes & IHT How pensions are treated on death, and the major changes coming from April 2027 when unused funds will be included in estates. #### Making Gifts Annual exemptions, the seven-year rule, potentially exempt transfers, wedding gifts, and gifts out of normal expenditure. #### Releasing Equity from Your Home How equity release can reduce your estate value while giving you access to funds during your lifetime. #### An Introduction to Trusts Bare trusts, discretionary trusts, loan trusts, and discounted gift trusts — how each works and their IHT implications. #### Life Assurance & IHT Using whole-of-life and term insurance to cover potential IHT liabilities and preserve your estate for beneficiaries. #### Business Relief How investments qualifying for BR can provide up to 100% IHT relief, the new £2.5m lifetime allowance, and AIM share changes. #### Important Risk Warning **Investments that qualify for Business Relief place your capital at risk.** The value of your investment can fall or rise, and you may not get back the full amount invested. Tax reliefs depend on individual circumstances and may change in the future. The availability of tax reliefs depends on the investee companies maintaining their qualifying status. Investors should seek independent tax and financial advice before making any investment decisions. #### Tax Treatment The tax benefits referred to in this guide are based on our understanding and interpretation of current UK legislation as at January 2026. Tax rules and legislation may change, and the value of tax reliefs depends on individual circumstances. Investors should seek independent tax advice. #### Important Information This guide is intended for UK residents wishing to understand more about IHT and estate planning. It does not constitute personal advice. We always recommend that individuals seek professional advice that takes account of their personal circumstances before making any investment or estate planning decisions. Praetura Ventures Limited is authorised and regulated by the Financial Conduct Authority (FRN 817345). Par Fund Management Limited is authorised and regulated by the Financial Conduct Authority (FRN 485668). © 2026 PXN Investments. Part of the PXN Group. All rights reserved.