Ahead of the Autumn Statement later, advisers have shared their views on inheritance tax (IHT) planning amid expectations the chancellor will extend the government’s threshold freeze until 2028.
Thresholds are widely predicted to be frozen for a further two years in the Autumn Statement later this morning. Thresholds were frozen until 2025/26 by then-chancellor Rishi Sunak. The point at which people pay IHT has been the same since 2009 - £325,00 for a single person but with transferable bands between spouses and residential property reliefs, most married couples will have a total threshold of £1m. Thera Wealth Management owner Philip Dragoumis said: "Stealth taxes, or tax allowances not increasing in line with inflation, are a way to raise revenue without significant politica...
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