Inheritance tax can be largely reduced or eliminated by proper planning.
The main residence and spouse exemption has been a welcome development in recent years.

Other measures include:

• Annual £3,000 exemption and use of previous year’s unused allowance

• Gifts on marriage 

• Gifts made from Normal expenditure.

• Business Property relief

• Agriculture Property relief.

• Wills can be deployed and when appropriate within 2 years of death variation of wills can be used.

• Trusts

• Trusts can be a useful tool for blood line planning though they can be expensive and may be advisable to consider the use of Family investment companies as an alternative.