Rachel Reeves to raid 16,000 more families for inheritance tax, HMRC data shows
The number of families set to lose a key inheritance tax relief is projected to quadruple by the end of the decade as more estates breach the £2million threshold. By 2030 31, more than 16 000 estates are expected to exceed £2million in value, triggering the withdrawal of the £175 000 residence nil rate band, according to analysis based on HM Revenue and Customs (HMRC) data. That compares with 3 620 households affected by the taper in 2022 23. The increase is being driven by a combination of
The number of families set to lose a key inheritance tax relief is projected to quadruple by the end of the decade as more estates breach the £2million threshold. By 2030 31, more than 16 000 estates are expected to exceed £2million in value, triggering the withdrawal of the £175 000 residence nil rate band, according to analysis based on HM Revenue and Customs (HMRC) data. That compares with 3 620 households affected by the taper in 2022 23. The increase is being driven by a combination of
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