Скачать или смотреть Inheritance Tax - Frozen Allowances

The main allowances relating to Inheritance Tax (IHT), known as the Nil Rate Bands, have been frozen until 2026.

This has the effect of potentially bringing many more 'estates' into the IHT net and increasing the amount of tax families may end up paying in IHT.

Frozen allowances contain a stealth effect, which means that by keeping the allowances, the 'free bit' that is not subject to IHT, level, then rising estate values (for example because of property price increases) push the amount taxable to higher figures.

Therefore, in many cases, a frozen allowance is the equivalent of a tax increase.

This video delves into this effect further and explains more, as well as suggesting how families can react in their financial and tax planning.