IHT changes push wealthy families towards 'gifting with control'

Rethinking succession plans

Isabel Baxter
clock • 3 min read

Inheritance tax (IHT) changes have driven demand for ‘gifting with control’ as wealthy families rethink succession plans, Utmost has said.

HM Revenue and Customs figures suggest that the frozen IHT thresholds are already set to increase IHT receipts to a fifth consecutive annual record haul in 2025/26. It is now expected that the further tightening of the regime will accelerate this trend. The Office for Budget Responsibility (OBR) again uprated its projections for IHT at the Spring Statement, now estimating that the Treasury will collect an extra £700m, taking total receipts to £70.6bn, between 2025/26 and 2030/31. Upcoming reforms bringing unused pension funds within the scope of IHT from 2027 are also set to reshap...

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