Simplification of inheritance tax review: what's in scope

23 Jan 2019

The government is planning to overhaul the inheritance tax system with a review of the administration of estates and the more complex aspects where trusts are involved in planning. Sarah Arnold FCA CTA, tax writer at Croner-i, highlights the key proposals

On 23 November 2018, the Office of Tax Simplification (OTS) published the first of two reports following a review of administrative and technical aspects of inheritance tax. This article summarises the background to the review and recommendations put forward in the report.

Background

The review into the inheritance tax regime was requested by the Chancellor of the Exchequer, Philip Hammond, in January 2018.

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