Inheritance Tax

Recent reports indicating that the UK government is contemplating a reduction, and eventual abolition, of Inheritance Tax (IHT), have been welcomed by Scottish estate and letting agency DJ Alexander Ltd. Described by many homeowners as the UK's most inequitable tax, IHT accrued £3.9bn between

With HMRC forecasting that 283,400 estates will face inheritance tax (IHT) by 2028, Wylie & Bisset has urged clients to seek an early assessment of their IHT exposure and plan ahead. This forecast comes in the wake of Chancellor Jeremy Hunt's decision to maintain the IHT threshold at £325,

Newly released figures have revealed that the UK government's decision to freeze the inheritance tax threshold could affect almost four times more families than initially expected. The forecast by the HMRC suggests that 49,400 estates will face inheritance tax by 2028, significantly higher than the

Alex Docherty, tax partner at Johnston Carmichael, wrote for The Courier and Advertiser about concerns over farmhouse tax relief.

A proposed local inheritance tax would affect nine in ten Scottish estates. The Institute for Public Policy Research (IPPR) Scotland – a think tank – has suggested the tax in order to raise up to £200 million per year for public services.