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Tony Wickenden: What are the chances of big IHT news?

There have been more than a few headlines lately indicating the government could be considering reform or abolition of inheritance tax (IHT), although there has been no “on the record” comment on its future. ....

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Inheritance tax: 'Hugely efficient' way to save 90% on tax hike as Sunak's budget nears

| 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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What should advisers expect from the 2021 Budget?

What should advisers expect from the 2021 Budget?
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Inheritance tax warning as Rishi Sunak could enforce 'immediate charge' on gifts

| UPDATED: 13:06, Fri, Feb 12, 2021
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Chancellor Rishi Sunak is said to be considering a wide range of tax reforms and increases amid the ongoing pandemic and subsequent recession. Ahead of his Budget announcement in March, tax rises are reportedly around the corner, with the self-employed seemingly likely to bear some of the burden. But there are also a number of wealth taxes that could be hiked, according to experts, who warned inheritance tax reforms could lead to bills on gifts. As Yahoo Finance claimed last month, the Potentially Exempt Transfer (PET) regime ....

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