Commenting on a Near 26% Year-on-year Increase in IHT Receipts

  • Wealth Management
  • 24.09.2021 10:40 am

Commenting on a near 26% year-on-year increase in IHT receipts, Laura Tommis, Trust Manager at ZEDRA, said: “HM Revenue and Customs receipts for IHT for the period April 2021 to August 2021 showed an increase of nearly 26% in comparison with the same period last year. Whilst this was not unexpected given the significant increase in property prices and the state of stock markets over the last year, it shows that planning for IHT should be considered as an important aspect in personal financial planning. As the Government needs to further increase tax receipts, there may also be future changes to some of the current IHT exemptions and allowances, such as Business Property Relief, which could mean it is best to look at planning opportunities utilising reliefs available now rather than delaying matters.”

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