2027 IHT: The clock is ticking

HMRC’s early estimates suggest that around 10,500 extra estates may become liable for inheritance tax (IHT), and approximately 38,500 estates could see their IHT liability rise in 2027/28 due to the extension of IHT to most inheritable pensions. Although the final legislation hasn’t passed yet, and HMRC hasn’t publish detailed guidance and launch client-facing tools, there are sensible actions clients can start thinking about now. Elaine Cruikshank, Tax and Trusts Manager at Aegon, outlines 12 steps advisers can take to prepare for 2027’s reforms. Read this insightful article to help your...