IHT a target

Posted on 17 Feb 2014
Share Blog Post
Analyst: IHT is an ‘obvious target’ for tax raidWith Chancellor Rishi Sunak reportedly mulling tax reforms as he looks to balance the books post-pandemic, AJ Bell analyst Tom Selby believes inheritance tax is an "obvious target". He says the Government could look at the levy as the next Budget approaches, saying: “Certainly the amount of people's estate that is subject to inheritance tax has been reduced over the last few years, it has become more generous.” This, he suggests, has been a “vote winner” but argues that with the country facing “severe fiscal problems”, allowing people to inherit more tax free “might be a bit too generous”. Mr Selby says that while officials may look to “tighten” inheritance tax, he suspects people will try to “move around their assets in a way that avoids the tax in the first place." Considering how the Chancellor may reform IHT, he suggests that the threshold may be changed rather than there being an increase in the rate paid.

View more blog posts

High banking charges hurt
Posted on 22 Feb 2024
High banking charges hurt
read more
CGT ready for revision?
Posted on 21 Feb 2024
CGT ready for revision?
read more
Improving economy
Posted on 20 Feb 2024
Improving economy
read more
Alternative lending takes off
Posted on 19 Feb 2024
Alternative lending takes off
read more
Back To Top
01604 660661