US EditionBirmingham accountant warns inheritance tax changes ‘could mean the end’ for some family-owned firms
- Starting in 2027, pensions that remain unused at the time of death will be included in an individual’s estate for inheritance tax purposes, affecting an estimated 153,000 estates across the UK.
- The inheritance tax threshold has remained unchanged at £325,000 for many years, even though inflation and increasing property values have raised the overall worth of estates.
- Farmers and family businesses face added pressure from caps on agricultural and business property reliefs, threatening land sales and business viability.
- Wealthify predicts the proportion of estates paying inheritance tax will rise from just over 4% to more than 7% by 2032-33 due to growing house prices.
- MPs and industry experts urge the Government to delay reforms, enhance communication, and explore alternatives to protect vulnerable farms and family firms.
11 Articles
11 Articles
Rising house prices pushing more over inheritance tax threshold - will you be hit?
Rising house prices are likely to make inheritance tax (IHT) a more pressing issue for ordinary families within the next decade, new research has suggested.Data by investment platform Wealthify shows that the average parent in the UK hopes to leave an inheritance of £311,904 to their children—a figure that edges ever closer to the current £325,000 IHT threshold.IHT is paid on the estate – the possessions, money, and home – of someone who has die…
Birmingham accountant warns inheritance tax changes ‘could mean the end’ for some family-owned firms
A Birmingham accountant says he believes upcoming changes which mean inheritance tax must be paid on family businesses from 2026 could lead to the demise of some family-owned firms – while search data indicates some may be unaware the changes apply to them.
Black-red Federal Government: Inheritance tax high to allow residential property? This is how the idea of the Minister of Construction arrives
Many Germans cannot afford residential property. Minister of Construction Hubertz (SPD) wants to change this by increasing inheritance tax. Her unusual drive triggers criticism in many ways – from associations, economists and parties.
North Shropshire MP Helen Morgan backs calls for rethink on 'hammer blow' farm inheritence tax
From April 2026, a 20 per cent inheritance tax rate will be levied on agricultural assets worth more than £1 million - half the usual rate - which were previously exempt.
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