UK inheritance tax reform under intense spotlight over what Labour might do

Although no tax is popular it almost goes without saying that Inheritance Tax (IHT) is by far the UK's least popular tax. That despite the fact that it impacted only about 4% of estates in 2020-21, says Gerry Brown, Trust and Estate Planning Specialist, QB Partners. Most commentators and advisers would agree that IHT needs reform but there is little or no agreement as to the way in which the tax should be restructured. Of course there is a body of opinion which suggests that the tax be abolished. I'm gradually coming round to the view that an incoming Labour government (and that seems...