The quiet tightening of inheritance tax rules

As speculation mounts ahead of the upcoming Budget, many are concerned that Labour may target inheritance tax (IHT) in their efforts to raise revenue. While the government is unlikely to increase the headline IHT rate, other changes are on the table, including limiting exemptions for pensions, AIM shares, and agricultural property relief. With fiscal drag already pulling more estates into the IHT net, Labour’s approach could quietly increase the tax burden on wealth transfers. Read the full article to explore potential changes to inheritance tax in Labour’s Budget.