Julia Cox, Harriet Betteridge and Alexandra Clarke write for Tax Journal on who might be considered the ‘winners’ and ‘losers’ from an IHT perspective following the UK Autumn Budget
The UK Autumn Budget introduced significant changes to Inheritance Tax (IHT).
In an article for Tax Journal, Julia Cox (Partner), Harriet Betteridge (Senior Associate) and Alexandra Clarke (Associate) consider who might be considered the ‘winners’ and ‘losers’ from an IHT perspective...
The 'winners' from these changes include the government, which will see increased revenue, and individuals able to make gifts and survive seven years, thus avoiding IHT. Those with pre-existing trusts or involved in environmental schemes, AIM shareholders, and those with flexible wills or non-resident expats may also benefit.
The 'losers' are business owners and farmers, who will see their previously 100% exempt assets now subject to IHT above £1m, as well as trustees and heirs who may face funding challenges. AIM shareholders, pension fund administrators, long-term UK residents, and certain trusts will also be adversely affected.
With the changes coming into effect in April 2026, timely advice is crucial to ensure IHT plans are effective.
Read the full piece in Tax Journal here.
