Government 'refusing' to back up IHT clawback claim, trade groups argue

Lobbyists pen letter to chancellor

Jen Frost
clock • 3 min read

The government has refused to provide evidence that a clawback alternative to inheritance tax changes would raise much less revenue than its planned changes to agricultural and business property reliefs, lobbying trade groups have argued.

Trade bodies have now written to chancellor Rachel Reeves to demand that the evidence is published. The allegation and letter follow the Treasury declining to supply workings in response to a freedom of information (FOI) request lodged by the Country Land and Business Association (CLA) and other trade groups.   The CLA and others asked for evidence of claims made by exchequer secretary to the Treasury James Murray that a clawback mechanism would raise "much less" revenue than current reforms planned to come into play from April 2026. The CLA and other industry bodies mooted the cla...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

Advisers struggle with CGT planning as majority of platforms fall short on tools

Advisers struggle with CGT planning as majority of platforms fall short on tools

Only a minority of platforms offer tools

Sahar Nazir
clock 20 May 2025 • 2 min read
'Turning losses into wins': Managing clients' expectations in turbulent markets

'Turning losses into wins': Managing clients' expectations in turbulent markets

'Disruption can also bring opportunity'

Julia Peake
clock 19 May 2025 • 4 min read
Almost three-quarters of UK adults do not understand how IHT works

Almost three-quarters of UK adults do not understand how IHT works

Flagged as a ‘family taboo’

Isabel Baxter
clock 19 May 2025 • 2 min read