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
IHT
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UK taxman carried out over 5,500 IHT investigations last year
The tax is ‘infamous for being not only disliked, but complex and at times deeply unfair’
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Is an inheritance tax overhaul on the cards?
Some rules have not been changed since 1980s but danger Brexit could be too much of a distraction
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UK taxman collected record £5.4bn from IHT last year
Financial advice firm finds HMRC receipts have risen rapidly since 2014-15
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Top 3 inheritance tax queries from financial advisers
IHT is a complex issue for many wealthy clients but Canada Life is asked about these issues the most Click through the slides below for more information
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Surging IHT receipts leave British government clueless
There’s been a nearly 50% increase between February and March 2019
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Minority of Brits aware of inheritance rules
Financial planners and investment managers are urging people to make provisions
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Estates worth over £10m hit with half the IHT rate
Freedom of information request highlights deep inconsistencies in UK inheritance tax
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What you need to know about non-residents owning UK property
Discover ways to reduce and cover inheritance tax liability
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UK feeling the financial burden of IHT bills
HMRC figures state nearly 25,000 households were hit by inheritance tax last year
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Poor pension freedom knowledge opens door for advisers
Firms could ‘reap rewards’ if they endorse inheritance tax incentives to new prospects
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Top international queries from financial advisers
Inheritance tax, property trusts, moving abroad and chargeable gains questions are among the most common