PA360 North: IHT uncertainty reaches fever pitch

Multitude of tax policy changes on table ahead of general election

Jenna Brown
clock • 3 min read

On-going uncertainty about the future of inheritance tax (IHT) and other reliefs has reached unpredictable levels with politicians looking at all options available to them ahead of the general election, delegates heard.

Speaking at PA360 North today (4 October), RSM private client partner Chris Etherington said IHT - and its potential removal - was a very hot topic as more and more people face bills from HM Revenue & Customs. He said while the nuts and bolts of IHT had not changed much in 40 years, receipts had grown significantly in recent years as thresholds remained frozen and property prices increased. He predicted the Exchequer would net close to £8bn next year from IHT and although it was a small amount compared to income tax it remained an emotive policy. He said he understood that the prime m...

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