Technical notebook

We are at that time of year where stargazers try to predict what reforms the UK Government will introduce to the tax system. Once again, inheritance tax (IHT) looms large in the crystal ball. The biggest surprise is that no reform been forthcoming from a Government that so publicly expressed its desire for changes to IHT when they were in Opposition. If the Government does decide to radically reform IHT, what sort of regime would they come up with to replace the current regime? To get an idea, we should look at how the EU taxes inheritances. Borrowing ideas from other EU countries would no...