HMRC data has shown that inheritance tax (IHT) receipts for April 2021 to January 2022 were £5 billion - £0.7 billion higher than the same period a year earlier, and a 16 percent rise.
Increased IHT bills will also be likely in the coming years, with both the nil rate band (NRB) of £325,000 and residence nil rate band (RNRB) of £175,000 having been frozen until at least April 2026.
Julia Rosenbloom, tax partner at Smith & Williamson, part of wealth management and p...
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
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 PAMeprivateclient is the leading website and news service for private client practitioners, including lawyers, accountants, trustees and fee-based IFAs.
Read more
