Laura Suter: The taxing task of IHT simplification

Two big unknowns

clock • 3 min read

The OTS had a difficult job on its hands balancing the need to simplify complex IHT rules while keeping them fair for consumers and affordable for the government, writes Laura Suter

The long-awaited report on how to simplify the inheritance tax (IHT) system came out this month, and it is not an overstatement to suggest the financial services sector was actually excited to see how the plans to battle through the complex web of rules had panned out. The Office of Tax Simplification (OTS) was tasked with coming up with different ways of fixing the system and making it easier for consumers to understand. Not just consumers would benefit from the changes, however, as the report also revealed there are some areas of the system that are so complex even professionals do not...

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 Tax planning

HMRC releases 'crucial' technical note on IHT on pensions

HMRC releases 'crucial' technical note on IHT on pensions

Law firm warns of complexity and risk for families and executors

Jenna Brown
clock 11 May 2026 • 3 min read
Advisers must shift IHT planning mindset from 'passive to active'

Advisers must shift IHT planning mindset from 'passive to active'

Speaking on a PA360 IHT-focused panel session

Jenna Brown
clock 11 May 2026 • 3 min read
How fixing the £100,000 childcare cliff edge could boost families and the Treasury coffers

How fixing the £100,000 childcare cliff edge could boost families and the Treasury coffers

'A flawed tax policy with real consequences for families and the wider economy'

Charlene Young
clock 07 May 2026 • 4 min read