Tag Archive: inheritance tax

Reform of Inheritance Tax System???

Chancellor Philip Hammond wrote to the Office of Tax Simplification in January last year asking it to review inheritance tax. In a report published in November 2018, the OTS recommended the government implement a fully integrated digital system for IHT….
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Inheritance Tax & Agriculture: Wine & Apples!!!

A special relief from inheritance tax is afforded to land that is occupied “for the purposes of agriculture”.  The term is not exhaustively defined – no doubt the parliamentary draftsman thought that unnecessary and that, like an elephant, you would…
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Millennials to secure ‘inheritance boom’! Or Will They???

Millennials will benefit from the biggest “inheritance boom” of any post-war generation, but it will be too late to solve housing issues and wealth inequality, a recent report says. Those who have parents and grandparents in the “baby boomer” generation…
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The Future of Inheritance Tax Reliefs

HM Revenue & Customs has published research that was carried out independently on its behalf looking at the awareness of, and use made of, Agricultural and Business Property Relief (APR and BPR) for Inheritance Tax. It seems likely that this…
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