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ARTICLE · 05 NOVEMBER 2025

Autumn Budget 2025: What To Expect

Dixcart Legal Limited
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Among the many rumours surrounding the upcoming 2025 Budget, proposed changes to the UK's Inheritance Tax regime have dominated the headlines.

United KingdomStrategy
Paul Webb
Paul Webb
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Among the many rumours surrounding the upcoming 2025 Budget, proposed changes to the UK's Inheritance Tax regime have dominated the headlines.

While any discussion at this stage remains speculative, several potential reforms have been reported in the press, including:

  • Lifetime gifting cap: the Government is reportedly considering a lifetime cap on the value of gifts that can be made free of IHT. Currently, gifts to individuals of any amount are potentially exempt if the donor survives for 7 years.
  • Changes to the 7-year rule: the time frame for potentially exempt transfers could be extended beyond 7 years, with some commentators suggesting a period of 10 or even 14 years.
  • Reform of gifting exemptions: Reviews or potential restrictions could be introduced for existing exemptions, such as the £3,000 annual gift allowance.

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