Ten questions clients may ask about IHT

IHT PLANNING

clock

Brian Murphy highlights key questions your clients will have about inheritance tax.

1. How much actual tax does inheritance tax (IHT) generate? The total IHT receipts for 2010/11 (the last year for which accurate records are available) was approximately £2.7bn. This represents less than 1% of the total tax take from all taxes. So IHT is not a massive revenue earner for the government, but it is a tax that often generates a great deal of emotion from those who realise that their estates will have to pay it when they die. 2. What will IHT be charged on? If the client is a UK domiciled person, IHT will be chargeable on their worldwide estate, which would include prop...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Women in Financial Advice Awards 2026: Nominations close today!

Women in Financial Advice Awards 2026: Nominations close today!

Awards to be held at Hilton Bankside in London

Professional Adviser
clock 08 May 2026 • 1 min read
'Quality is the golden thread' – why Benchmark won Best Advice Network

'Quality is the golden thread' – why Benchmark won Best Advice Network

PA Awards 2026 winner shares secrets to success

Professional Adviser
clock 29 April 2026 • 3 min read
Editor's message: When new beginnings come together

Editor's message: When new beginnings come together

Professional Adviser will be back on Tuesday

Jen Frost
clock 02 April 2026 • 1 min read