Inheritance tax rule should be 'reformed' as households 'squeezed by IHT penalty', Rachel Reeves told

Inheritance tax rule should be 'reformed' as households 'squeezed by IHT penalty', Rachel Reeves told

Analysts are urging Chancellor Rachel Reeves to introduce inheritance tax (IHT) reform in tomorrow's Spring Statement

When a property is inherited, its sale can quickly become a puzzle, especially in the event of a disagreement between heirs. The new legislation provides concrete solutions to speed up these processes and avoid blocking situations. As a result of these changes, the procedures are simplified and the settlement deadlines shortened, thus providing more flexibility for rightholders. This reform aims to make the market more dynamic and to facilitate …

Survey Forecasts Job Losses And Shrinking Treasury Revenue As A Result Of IHT Changes

A major new survey, supported by the Country Land and Business Association (CLA), into the impacts of the government's inheritance tax changes has painted a bleak picture of job losses and cancelled investment.

How high earners can reduce their UK tax bill in 2025

Tax planning is an essential part of wealth preservation for high earners. Strategic tax management does not just reduce your tax bill in the here and now but also ensures that wealth is passed on efficiently.  With several major tax changes scheduled to come into force this spring in the UK, it is more important than ever to stay on top of the evolving tax landscape and to seek professional advice to take advantage of available allowances and r…

Pre-Spring Statement: Anticipated changes to IHT and business reliefs | Today's Wills and Probate

As the Spring Statement on 26th March approaches, significant concerns are being raised about the upcoming changes to inheritance tax (IHT), particularly

Major changes to Inheritance Tax from April – How new residence rules and the end of non-dom status could affect your estate

Major reforms to the UK’s Inheritance Tax (IHT) regime are on the horizon, with sweeping changes, particularly affecting non-domiciled individuals (non-doms) set to take effect from 6 April 2025. At the heart of these reforms is a move away from the current domicile-based framework to a residence-based system.   For many people, particularly non-UK domiciled persons residing in the UK, this could affect their estate planning and succession strat…