HMRC is implementing reforms to Inheritance Tax (IHT) policy, specifically restricting Agricultural Property Relief (APR) and Business Property Relief (BPR) to close tax avoidance loopholes used by wealthy investors to purchase agricultural land. The reforms raise concerns about disproportionate impacts on farmers and rural landowners, particularly in Wales, who structured their estates under previous rules and lack clarity on the specific financial implications and transition arrangements.
In response to: Inheritance Tax on pensions: liability, reporting and payment
In response to: Inheritance Tax on pensions: liability, reporting and payment
We welcome views on this technical consultation on the processes required to implement changes to Inheritance Tax rules for pension funds and death benefits.
We welcome views on the technical application of upcoming changes to agricultural property relief and business property relief to property settled into trust.
We welcome views on this technical consultation on the processes required to implement changes to Inheritance Tax rules for pension funds and death benefits.
We welcome views on this technical consultation on the processes required to implement changes to Inheritance Tax rules for pension funds and death benefits.
This consultation sets out the principles for taxing trusts and seeks views and evidence on reform in line with them.
This consultation sets out the principles for taxing trusts and seeks views and evidence on reform in line with them.
This consultation sets out the principles for taxing trusts and seeks views and evidence on reform in line with them.