5 Key Inheritance Tax Changes in Budget 2024: What You Need to Know
Has the 2024 Budget brought about changes to Inheritance Tax? Yes, and it's crucial to understand how these changes may impact your estate planning.
Why It Matters: The UK's Inheritance Tax (IHT) system is complex and often misunderstood. Changes to the rules can have significant implications for individuals and families, affecting how much tax is paid on inherited assets. Understanding the latest changes can help you make informed decisions about your estate planning and protect your loved ones from unnecessary tax burdens.
Key Takeaways of Inheritance Tax Changes:
| Takeaway | Description
