eprivateclient

Accountancy firm warns tax rises could be here sooner than expected - with IHT the 'first up for grabs'

News Team, 23/06/2020

Inheritance tax (IHT) could be the first tax to rise as the UK government looks to get money back into its coffers, tax and advisory firm, Blick Rothenberg has warned.

According to Robert Pullen, a partner at the firm, the UK government was already turning their attention to inheritance tax, even before the Pandemic and it is now likely one of the taxes that the Chancellor will use to get money back into the Exchequer.

“It is possible that the government could increase inheritance taxes across the board, or slash the allowances,” he said. “Interestingly, it was after WW2 when inheritance tax was eventually cranked...


Continue reading this article...


Start a free trial now for access to breaking news of the regulatory environment and legislative change happening in wealth management.







You are currently not logged in,
login to view the full article
start by clicking this button.





Need a subscription,
fill out the form here or
contact subs@eprivateclient.com


About PAM

PAM Insight is the world’s leading independent provider of essential specialist news, analysis and comparative data for the fast-evolving world of wealth management.

Read more about PAM

Subscribers

eprivateclient is the leading website and news service for private client practitioners, including lawyers, accountants, trustees and fee-based IFAs.

Read more