Christina Stone: IHT planning and intergenerational wealth transfers

Inheritance tax (IHT) was once a concern only for the rich and famous. Rising asset values and static thresholds are nowadays affecting more and more families, however, making this far from the case any longer. In 2018/19 IHT receipts totalled a staggering £5.4bn, with the amount of IHT collected by HMRC having continuously increased since 2009/10. In particular, rising house prices in the UK mean more families than ever before are falling into the inheritance trap, underlining the importance of estate and succession planning. Put it another way: rising estate values + an aging popula...