Is inheritance tax ripe for reform?
Many people fear the burden of inheritance tax (IHT). However, with just three per cent of estates expected to be subject to IHT in this tax year, according to figures from HMRC, the scope of its impact is widely misunderstood.
Grant Thornton conducted a survey of around 400 homeowners with properties valued over £250,000 to find out which various alternative measures, or adjustments to the system, found favour. We are calling on the Government to review the system and make changes so it is simpler and fairer for future generations.
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