Ian Smart: Simplification of inheritance tax?

In July of this year, following its first report in November 2018, the Office of Tax Simplification (OTS) published its second report on the simplification of inheritance tax (IHT). This report sets out a number of recommendations for 'a more coherent and understandable structure of the tax'. Here, I have looked at the recommendations in respect of life insurance policies being paid free of IHT, even if not in trust, considering what this may mean along with any future clarification that may be...