Inheritance Tax Changes: What to Expect in the Upcoming Budget
Friday, 18 October 2024, 10:00
Inheritance Tax Implications in the Budget
The upcoming Budget may see a rise in Inheritance Tax rates as Chancellor Reeves plans to impose higher taxes on affluent individuals. This new initiative could mean a significant shift in how estates are taxed in the UK.
Potential Changes to Inheritance Tax
- Increased rates targeting high earners
- New policies aimed at wealth redistribution
- Impact on estate planning strategies for the wealthy
The potential changes to Inheritance Tax have ignited discussions among financial experts and the public alike. This government move will likely affect financial planning for families with significant assets.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.