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A return to high inflation, along with frozen tax allowances, has important implications for inheritance tax.
UK families are now forecast to pay an astonishing £37 billion in inheritance tax over the next five years.1
Included in that figure are families already impacted by IHT now facing larger liabilities, as well as new estates that have been dragged into the IHT net.
In this short article from Octopus Investments, you’ll learn why there’s an urgent need to visit estate planning with clients, and how Business Relief can help.
Read now >>
Risks of Business Relief to bear in mind:
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The value of an investment, and income from it, can fall as well as rise. Investors may not get back the full amount they invest.
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Tax treatment depends on individuals’ circumstances and could change the in the future.
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Tax relief depends on portfolio companies maintaining their qualifying status.
1Economic and fiscal outlook, Office for Budget Responsibility, March 2022
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