Libby Holding: Inheritance Tax Relief for emergency workers

There are a number of different Inheritance Tax (IHT) reliefs available, with some far more widely used than others, e.g. the spousal exemption. However, one of the lesser known exemptions, known colloquially as the ‘blue light' relief, has recently been thrust into the spotlight as a result of the ongoing Covid-19 pandemic. What is the ‘blue-light' relief? This relief was originally introduced so that soldiers who were killed in battle during active service were exempt from paying death duties or, later, inheritance tax. During the Second World War, the relief was extended to include...