IHT
Best Practice | 23 Sep 19
Three reasons why inheritance tax is becoming a ‘perfect storm’
Inheritance tax (IHT) divides opinion, because it creates the potential for a person’s wealth to be taxed twice; firstly as it accumulates through income and/or capital gains taxes, then again on death.
UK inheritance tax take more than doubles in 9 years
As rising numbers of people get caught in the IHT net
Majority of Brits baffled by IHT allowances
They believe they will inherit over £200,000 more than they will actually get
Gone, but not forgotten (by HMRC)
Eight key questions for HNWIs and their advisers to ensure their tax affairs are in order
What could IHT reform look like for high net worths?
Changes to inheritance tax have been speculated about, especially if the Labour Party gets into power