HMRC releases 'crucial' technical note on IHT on pensions

The document confirms families and executors will face a "more complex and administratively demanding landscape", according to legal experts. Irwin Mitchell said the note gave "much-needed detail" on the Revenue's approach to the April 2027 IHT reforms. The note also raised "practical concerns about how estates will be administered in real life - particularly for families and executors managing incomplete information at a time of bereavement", the law firm said. It added that HMRC's expectation that personal representatives take "reasonable steps" to identify the deceased's pension...