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Inheritance tax is where families lose the most money to rules they had never heard of: an allowance that has to be claimed, a gift that never left the estate, a threshold with a cliff edge. These guides work through the UK rules from HMRC's own manuals, alongside the income tax deductions in India and the US that are worth checking each year.
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The residence nil-rate band adds up to £175,000 to what you can pass on tax-free, but only if you leave a home you once lived in to a direct descendant. Estates over £2 million lose it £1 for every £2.
The new tax regime has been the default since AY 2024-25, and it does not allow 80C or 80D at all. Whether the old regime is still worth choosing is arithmetic, not opinion: here are the AY 2026-27 slabs, rebates and limits to do it with.