Chancellor calls for IHT review to simplify system
'Well overdue,' says tax expert
Chancellor Philip Hammond has written to the Office of Tax Simplification (OTS) to request a review of inheritance tax (IHT) with a view to simplifying the current regime.
In a letter, dated 19 January, Hammond (pictured) said: "I am writing to acknowledge the OTS's recent interest in the IHT regime. IHT, and the system within which it operates, is particularly complex,...
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