What is Inheritance tax​?

What is Inheritance Tax (IHT)? – Meaning 🏠 Thresholds & Allowances (2025) πŸ“Š How IHT Works (Example) 🎁 Lifetime Gifts and the β€œ7-Year Rule” πŸ’Ό Reliefs πŸ”‘ 2025 Budget Changes to IHT πŸ’· Who Pays the Tax? πŸ“ˆ IHT Receipts & Impact