The Treasury Committee wants to hear views on whether current inheritance tax (IHT) policies are effective, as part of its "Shifting Sands" enquiry into the UK tax system.
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...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
