Treasury Committee to investigate IHT as part of tax study

In a fresh call for evidence published on 2 December, the committee said it wanted to know how effective and economically efficient current IHT policies are as a means of taxing capital. The committee will also look at whether IHT as a tax base is under threat as people live longer and wealth is spread more thinly from one generation to the next. The study forms part of the committee's wider inquiry into the UK tax system, announced in January, which includes a look at the making of tax policy and the administration of tax by HMRC, and whether it is fit for purpose in 21st Century Bri...