Inheritance Tax Laws 2025

Inheritance Tax Laws 2025. At goughs, we can help to explain the changes to capital gains tax and inheritance tax announced in the budget and their relevance to you. Inheritance tax refers to the tax imposed on the estate of a deceased person before their assets are distributed to heirs.

Changes to inheritance tax (iht) reliefs and exemptions are among the most controversial changes in rachel reeves’ first budget. As of january 1st, 2025, six states have an inheritance tax.