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Inheritance Tax ExemptionsThe inheritance tax law in the UK is very complex, and it pays to consult with a properly qualified financial adviser and/or a solicitor before taking any action. However, the following inheritance tax exemptions mean that tax can be completely avoided in many cases. Any transfers between UK domiciled spouses (otherwise up to £55,000); Transfers to UK Charities and political parties; Small gifts of up to £250 per tax year. You may give £250 to as many people as you like each tax year; The first £3000 of any other gifts per tax year (or £6000 if no gifts were made in the previous tax year); Certain gifts on consideration of marriage; Gifts out of taxed income - this has already had tax paid on it. However, you must justify that you can maintain your current standard of living; The use of these inheritance tax exemptions can reduce greatly the amount of tax that will be paid. 
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