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"Anyone who knows or suspects they may have underpaid IHT should not wait to be contacted by HMRC," said Sophie Warren, tax manager at Pinsent Masons.
HMRC opened 3,574 investigations into Inheritance Tax (IHT) in 2020-21, netting an additional £254m in revenue, according to law firm Pinsent Masons.
What is more, an increasing number of people are choosing to take care of legal issues surrounding inheritance themselves, in order to save money, according to the company. Last week, HMRC revealed IHT...
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