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The twenty-year IHT freeze

The freeze on the inheritance tax (IHT) nil rate band will mean more tax from more estates. In March 2006 the then Chancellor, Gordon Brown, announced that the IHT nil rate band for 2009/10 would be £325,000. Announcing the change over three years before it would...

Spring Budget 2021: A quiet turning of the tax screw?

Look at the raw numbers and there is no increase in tax – everything stays the same. In practice, the effect of inflation will take its toll… Just before the Budget arrived on 3 March, it seemed as if the Chancellor would have nothing to say that was not already...