This Practice Note, originally written by Pria Mehta of Pennington Manches Cooper and now maintained by LexisNexis®, provides an overview of the UK inheritance tax (IHT) charge on death. It considers when IHT is charged (broadly on a transfer of value made by an individual other than an exempt transfer), the meaning of ‘estate’ and ‘excluded property’, the territorial scope of IHT, the rate of IHT and relevant terms and issues, such as potentially exempt transfers (PETs), gifts with reservation of benefit (GWR or GROB) and pre-owned asset tax (POAT or POA charge). It also covers the new residence-based regime for the purposes of assessing liability to IHT and the changes to the way in which excluded property is determined with effect from 6 April 2025.