ARTICLE · 10 APRIL 2025

Changes To Inheritance Tax Liability

Buss Murton

Explore more from Buss Murton

Inheritance tax (‘IHT') planning is a crucial aspect of wealth management, particularly for those who hold assets that currently benefit from inheritance tax (‘IHT') reliefs

United KingdomTax

Inheritance tax ('IHT') planning is a crucial aspect of wealth management, particularly for those who hold assets that currently benefit from inheritance tax ('IHT') reliefs.

Two significant potential changes to IHT rules could have a profound impact on UK estate planning:

The reduction of Business Property Relief (BPR) on AIM shares
The inclusion of pensions within an individual's taxable Estate for IHT purposes

At present, shares in certain Alternative Investment Market (AIM) companies qualify for100% Business Property Relief (BPR)if they have been held for at least two years. This means that, on death, these shares are exempt from IHT, provided the company meets the necessary trading criteria.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

Related Articles

Boat Transactions Guide: Everything You Need To Know When Buying Or Selling A Boat

United KingdomTax

Russell-Cooke LLP

Buying Or Selling A Boat In The UK: Common Pitfalls And How To Avoid Them

United KingdomTax

Russell-Cooke LLP

The Mansion Tax: Considerations For US Property Owners And Investors Of Premium Residential Property

United KingdomTax

Russell-Cooke LLP

Changes To Pension Tax Treatment Create Significant Risks For Personal Representatives

United KingdomTax

The Royal Tax Break: Why Six Years Abroad Could Matter For Harry And Meghan

United KingdomTax

Russell-Cooke LLP

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

Comparative Guide

Tax Disputes

Comparative Guide

Tax

See more popular content from

TaxBuss Murton

Has Your Mauritian Transfer Pricing Documentation Kept Pace With The Mauritius Revenue Authority?

On June 10, 2019, the Hon. Prime Minister and Ministry of Finance & Economic Development of Mauritius presented the 2019-20 Budget.

United KingdomTax

DLA Piper UK LLP

What Are Exit Taxes And How Do They Work?

As the UK anticipates its first Budget under Andy Burnham's premiership on 28 October 2026, questions arise about whether 'Manchesterism' will introduce an exit tax regime. This analysis examines how different jurisdictions—from Canada's deemed disposal system to France's targeted charges on substantial holdings—tax individuals leaving their borders, and explores what form a UK exit tax might take if implemented.

Treasury Committee calls for better and cheaper tax compliance

United KingdomTax

US FATCA In The UK - Updated HMRC Guidance Notes Released

Today HMRC released updated Guidance Notes on implementing FATCA in the UK.

United KingdomTax

Andy Burnham’s Property Tax Reform: What High Net Worth Individuals Need To Know

Burnham has consistently advocated for replacing council tax and stamp duty with a land value tax - an annual levy charged on the value of the land itself, rather than the buildings on it.

United KingdomTax

Capital Gains Tax And Private Equity Tax Under A Labour Government: What We Know So Far

Labour plans to defer major tax changes until the autumn Budget. Key potential changes include raising capital gains tax, altering private equity taxation, and possibly integrating capital gains and inheritance tax rules.

United KingdomTax

Remote Working And Permanent Establishment Risk: An Updated Guide

The OECD has updated its guidance on when remote working arrangements create a permanent establishment for tax purposes, introducing a new 50% threshold test and a 'commercial reason' analysis. These changes fundamentally alter how businesses must evaluate their cross-border home working policies and could result in unexpected tax obligations in jurisdictions where employees work remotely.

United KingdomTax

Travers Smith LLP

Frequently Asked Questions About IRS Clearance And Form 706-NA

UK executors and beneficiaries dealing with US assets face significant delays in obtaining IRS Transfer Certificates, with waiting times now extending to two or three years. This comprehensive FAQ addresses the critical questions surrounding Form 706-NA applications, US estate tax requirements, and the practical challenges of administering estates containing US shares and investments when the deceased was not a US citizen.

Lester Aldridge LLP

UK ‘Windfall’ Bank Tax Would Worsen An Already Complex System

UK banks face the prospect of a new windfall tax as campaigners push for additional levies on strong reported profits, while industry leaders warn of potential consequences for lending, investment, and the UK's position as a global financial centre. This analysis examines the practical implications of adding another layer to an already complex sector-specific tax regime that includes corporation tax, banking surcharge, and bank levy.

United KingdomTax

Taxation Of Earn-Outs On Business Sales: Capital Gain Or Disguised Salary?

HMRC is increasing scrutiny of earn-out arrangements, particularly where founders remain involved in the business after completion and deferred consideration depends on future performance of the target company.

United KingdomTax

The New Rules For The Digital Marketplace

The Digital Markets, Competition and Consumers Act (DMCCA) is a new law that aims to reshape the UK's consumer protection landscape. But what does it mean for the average person

United KingdomConsumer Protection

What Are Building Regulations And What Can Happen If There Is A Breach?

Building regulations are a set of legal requirements which control the methods and materials to be used in the construction or alteration of a property and impose minimum standards...

United KingdomReal Estate and Construction

Breaking Down The Party Wall Etc Act 1996

If you're planning any building work that affects a shared wall with your neighbour, an understanding of the Party Wall etc. Act 1996 ("the PWA") is essential.

United KingdomReal Estate and Construction

Tenancy At Will In Commercial Property

A tenancy at will in Commercial Property is a type of lease arrangement that allows a tenant to occupy a property without a fixed term, meaning it continues...

United KingdomReal Estate and Construction

Inheritance Tax And Equity Release – Part 1

How does Equity Release affect Inheritance Tax, particularly in light of the forecast changes to Inheritance Tax brining in the value of pensions after 6 April 2027?

United KingdomTax

The Government's Right To Buy Changes

As part of the eagerly awaited Budget on the 30th of October 2024, much of the information regarding changes to Stamp Duty Land Tax was disclosed

United KingdomReal Estate and Construction

Mediation Matters When Relationships Break Down

When relationships break down it is often very difficult to know where to start in sorting things out.

United KingdomLitigation, Mediation & Arbitration

Commercial Property Leases And Security Of Tenure – Part II Of The Landlord And Tenant Act 1954

From time to time, I am approached by a landlord client who has let a commercial property to a tenant and dealt with the lease agreement themselves.

United KingdomReal Estate and Construction

October Budget: Changes To Pensions And The Impact That Has On Those Leaving 10% Of Their Estate To Charity

The implications of the budget will continue to be felt many months if not years into the future.

United KingdomTax

Inheritance Tax And Equity Release – Part 2

In part 1, we discussed what Equity Release is and how it can be teamed with Inheritance Tax planning to reduce the Inheritance Tax payable upon death. Click here to read part 1.

United KingdomTax