Rachael Griffin: Should IHT be overhauled or reformed?
'What is the purpose of IHT?’
In light of MP proposals to reform inheritance tax (IHT), Quilter tax expert Rachael Griffin comments
As part of its Inheritance and Intergenerational Fairness report, The All-Party Parliamentary Group (APPG) suggests a complete overhaul of inheritance tax and it's easy to see why. As with most complicated things it's easier to just scrap the whole thing and start again. Their proposal has the magical ingredient needed by most successful proposals - simplicity. It is easy to follow and people do not need a law degree to navigate secret clauses. The APPG anticipate the reforms would mean most households...
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