Inheritance Tax: The Basics

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About Course

A plain-English introduction to UK Inheritance Tax: the £325,000 threshold, the extra allowance for passing on a home, the spouse and charity exemptions, the rules on gifts and the seven-year rule, and the changes to pensions from April 2027 and to business and farm reliefs from April 2026.

This course gives general information only. It is not financial, tax or legal advice, and Tutwoo is not authorised by the Financial Conduct Authority to give financial advice. Figures and rules were checked against official sources on 30 October 2026 and can change. For help with your own situation, use free guidance from MoneyHelper or speak to a regulated adviser.

© 2026 Tutwoo UK Limited. This course was created in-house by Tutwoo and is our original work. It is for your own learning only: please do not copy, share, record or resell it.

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What Will You Learn?

  • Explain who pays Inheritance Tax, the threshold and the main rate
  • Understand the home allowance and how unused allowances pass between spouses
  • Use the gift exemptions and understand the seven-year rule and taper relief
  • Know about the 2026 and 2027 changes to reliefs and pensions

Course Content

Course Lessons

  • Thresholds, rates and exemptions
  • Passing on a home, and paying the tax
  • Gifts, the seven-year rule and recent changes

Sources & Further Reading
The official guidance this course is based on.

Final Assessment

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