Category Archives: IHT

Johnson calls for IHT review

Paul Johnson, the director of the Institute for Fiscal Studies, has called on the Treasury to reform IHT to relieve a growing proportion of the middle class that are shouldering the levy. Mr Johnson said ministers should consider closing exemptions …

More families face IHT bills

Treasury forecasts indicate that the number of families hit with IHT bills will rise by a third this year.Rising house prices and the recovering economy are expected to push tens of thousands more people over the £325,000 threshold for paying …

Commission requests the UK to review inheritance taxation of spouses

The European Commission issues a reasoned opinion as the second stage of infringement proceedings The United Kingdom legislation provides that transfers between domiciled spouses or civil partners are exempt from inheritance tax. However, transfers between domiciled and non-domiciled spouses or …