How upcoming Inheritance Tax changes could affect your estate plan
On 30 October 2024, chancellor Rachel Reeves delivered her much-anticipated Budget to parliament. Prior to the announcement, the government had repeatedly spoken of a £22 billion “black hole” in the public finances and hinted at tax rises. As you saw in our recent Budget update, the chancellor revealed several changes that could affect your finances, including an overhaul of certain Inheritance Tax (IHT) rules. Consequently, you may need to rethink…