UK IHT on Death: Complex Estate Case Study: RNRB, PETs, IHT400, APR/BPR/Woodlands Relief, Heritage Conditional Exemption (Banksy), Quick Succession Relief, Spouse Exemption and Worked Calculations

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Practice notes

Facts

Alisha passed away in May 2023 aged 89. She is survived by her spouse, Bobbie (85), their children, Charlie and Deon, and three grandchildren, Eli, Louis and Noor. At death she was UK‑domiciled and a long‑term UK resident; the position would be unchanged under the residence‑based IHT regime had she died on or after 6 April 2025.

Alisha’s estate

Orchard House, Hertfordshire, co‑owned with Bobbie as tenants in common in equal shares, valued at £2m.
Woodland in Dorset held solely by Alisha, provisionally £80,000.
Investments totalling £300,000.
Current bank account balance of £50,000.
Jewellery and household effects together worth £100,000.

Lifetime gifts made by Alisha

Upon retiring in February 2000, and using funds inherited from her mother, Alisha gave £200,000 to each of Charlie and Deon. She also made £5,000 gifts to each grandchild on their 18th birthdays: Eli received his in March 2017 and Louis in September 2019...

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Web page updated on 26/05/2026

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