New Inheritance Tax Regulations from the 1st January 2022
From the 1st January 2022 new regulations will apply in respect of Inheritance Tax (IHT). This change will apply to deaths on and after that date. The aim of the regulations is to simplify the process. As a result, it is expected that over 90% of non-taxpaying estates each year will no longer be required to complete and send IHT forms to HMRC. Currently, when the personal representatives of an estate meet the excepted estates criteria, they submit a short IHT form rather tha