Revisit succession and tax plans before Spring Statement

Farmers Weekly

Inheritance tax (IHT) and succession plans should be reviewed before the chancellor’s Spring Statement, which could bring significant changes. An Office of Tax Simplification (OTS) review of IHT in 2019 included recommendations primarily aimed at streamlining IHT administration, but may have the secondary effect of reducing some of the favourable reliefs available to farmers, says […]

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