Inheritance Tax News P News Today : Breaking News, Live Updates & Top Stories | Vimarsana

| UPDATED: 17:46, Thu, Feb 25, 2021
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The Chancellor is said to be considering a number of tax hikes and reforms in order to recoup funds, and will outline his policy changes in his Budget on March 3. Julia Rosenbloom, a partner and Smith and Williamson and tax adviser, warned that potentially exempt transfers (PET) could be abolished, and recommended that people make gifts sooner rather than later to avoid extra charges. The rules allow individuals to make gifts of unlimited value to friends and family members without being hit with any inheritance tax liabiliti ....

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