PA360 North: IHT uncertainty reaches fever pitch

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...