Ercan Demiralay: How a Budget IHT shake-up could affect clients

Inheritance Tax (IHT) is one of the most well-known taxes in the country, even though it only impacts 4% of deaths. However, with this awareness comes a significant amount of ill-will. And this is because many people view it as double taxation. People pay tax on their earnings during their lifetime, and then their families are taxed on this wealth posthumously. It is also important to factor in that some of those required to pay IHT will receive hefty bills that they will not be able to pay out of liquid assets. This means they must make difficult decisions as to how to settle their tax ...