Key facts
- Millions of Britons are reportedly missing out on inheritance tax relief on gifts.
- Inheritance tax rules are set to change from April 2027.
- Experts predict more families will be subject to inheritance tax after the rule changes.
The article highlights that millions of individuals in Britain may be overlooking available inheritance tax (IHT) relief concerning gifts. This situation is brought to the forefront as inheritance tax regulations are scheduled for revision in April 2027. Following these changes, specialists in the field anticipate an increase in the number of families falling under the scope of inheritance tax, suggesting that current planning or awareness might be insufficient to navigate the upcoming adjustments.