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

Budget on 27 October

clock • 4 min read

Ercan Demiralay discusses how Wednesday's Autumn Budget is likely to cause a shake-up to the way inheritance tax works and looks at what advisers can do to prepare 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 ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

IHT liabilities hit record £7.03bn in 2023-24 tax year

IHT liabilities hit record £7.03bn in 2023-24 tax year

Figures ‘set to accelerate’

Sophia Panayi
clock 30 July 2026 • 2 min read
Advisers urged to review legacy files after Court of Appeal IHT ruling

Advisers urged to review legacy files after Court of Appeal IHT ruling

HMRC is considering its next steps

Isabel Baxter
clock 28 July 2026 • 4 min read
Burnham U-turns on income tax allowance increase suggestion – reports

Burnham U-turns on income tax allowance increase suggestion – reports

Any change would be ‘difficult given the financial circumstances’

Isabel Baxter
clock 22 July 2026 • 2 min read