Inheritance Tax Rules Uk 2024. Inheritance tax is a tax on the 'estate' of someone who's passed away. In the recent autumn budget, chancellor rachel reeves announced significant changes regarding inheritance tax (iht), extending the freeze on the iht thresholds to 2030.
Strategic tax planning to optimize capital gains tax (cgt) and inheritance tax (iht) in 2024 the autumn budget 2024 has reshaped the tax landscape in ways that demand proactive. Rachel reeves’s inheritance tax raid on family businesses and farms will backfire by costing the treasury over £1bn more than it makes, economists have said.