Rachel Reeves’ first Budget introduced a number of significant changes to IHT. In summary:
The Chancellor described her package of changes to IHT as taking a ‘balanced approach’, so who might be considered the IHT ‘winners’ and ‘losers’?
IHT winners:
IHT losers:
Whilst it is not yet clear precisely how these changes to IHT will play out and what implications they may have, it is clear that taking the right advice will be important in the next 18 months to ensure that IHT plans remain fit-for-purpose and any action can be taken well ahead of April 2026.
Julia Cox, Harriet Betteridge & Alexandra Clarke, Charles Russell Speechlys
Rachel Reeves’ first Budget introduced a number of significant changes to IHT. In summary:
The Chancellor described her package of changes to IHT as taking a ‘balanced approach’, so who might be considered the IHT ‘winners’ and ‘losers’?
IHT winners:
IHT losers:
Whilst it is not yet clear precisely how these changes to IHT will play out and what implications they may have, it is clear that taking the right advice will be important in the next 18 months to ensure that IHT plans remain fit-for-purpose and any action can be taken well ahead of April 2026.
Julia Cox, Harriet Betteridge & Alexandra Clarke, Charles Russell Speechlys