In October 2024, the government announced the most significant reforms to inheritance tax (IHT) seen in a generation. The changes come into force from 6 April 2026 and could mean significant increases in IHT exposure for estates.
Will I be impacted by the IHT changes?
The new rules will impact those holding assets including:
- Shares in an unlisted trading company valued at more than £1m;
- An interest in a trading business or partnership valued at more than £1m;
- Agricultural land, including farm buildings and farmhouses.
- Pensions (from April 2027)
Take 1 minute to complete our simple IHT calculator to find out how you could be impacted.