WillPack

Inheritance Tax Exemptions and Allowances

Where clients are wishing to reduce their potential inheritance tax liability, there are lifetime inheritance tax exemptions and allowances they should be made aware of. For a number of these, they may need to seek regular advice from tax specialists to ensure that they will qualify for an exception or do not exceed an allowance. … Read moreInheritance Tax Exemptions and Allowances

Chancellor requests a review of Inheritance Tax

Review of Inheritance Tax

In a letter published on the 31st January, the Chancellor of the Exchequer has requested that the Office for Tax Simplification carry out a review of the inheritance tax regime. The Chancellor has acknowledged that the inheritance tax system is complex and wished for simplification to ensure that the system is fit for purposes and … Read moreChancellor requests a review of Inheritance Tax