After much speculation in the press that there would be a complete inheritance tax overhaul especially on lifetime gifts and “loopholes”, our first female chancellor of the exchequer Rachel Reeves announced some surprising changes this afternoon. Julie West Solicitors private client solicitor Emma Westsmith explains.
Deadlines for submitting an inheritance tax return (and penalties for late submission)
When dealing with the estate of a deceased person, understanding the deadlines and penalties associated with inheritance tax returns is crucial. Specialist private client solicitor Emma Westsmith explains.