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IHT liabilities increase to £7.03bn - Standard Life comments
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IHT relief for farms and businesses increases to 13% to £6bn
The value of Agricultural Property Relief (APR) and Business Property Relief (BPR) claims jumped sharply in the last year, suggesting Rachel Reeves cutting of the tax allowance will be more expensive for farmers and small businesses than expected, says TWM Solicitors, a leading private wealth and family law firm. Data published yesterday by HMRC shows that the IHT tax relief (prior to its recent cut in the tax allowance) on the inheriting UK bus…
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