Tag: IHT
The changes to APR and BPR announced in the Oct 24 budget come into effect on 6 April 2026.
However the impact of the changes on gifts made prior to 6 April 2026 need to be considered.
Where a...
Inheritance Tax and HMRC
Written by Tony Shackleford on .
The number of estates affected by Inheritance Tax (IHT) is being forecast to increase by 50% by 2030.
The government is forecasting that taxation rasied by IHT will increase from £5.5 billion in...
IHT, IHT and HMRC, Inheritance Tax, Inheritance tax raised, Tax enquiries IHT
Inheritance Tax £1m Business Property Relief Exempt Band
Written by Tony Shackleford on .
Further details are gradually emerging of the changes concerning Business Property Relief within Inheritance Tax (IHT).
The significant changes to BPR relief with in IHT, which are due to come into...
IHT and CGT tax receipts
Written by Tony Shackleford on .
IHT tax receipts for 2024/25 are forecast to be the highest on record, with tax revenue being in excess of £7.5 billion.
The increase can be put down to the rapidly increasing house prices, which...