In Focus: Is inheritance tax 'outdated'?

Inheritance tax is being lined up for a long-overdue overhaul, following recommendations by the Office for Tax Simplification.

Wryly described as a ‘voluntary tax’, the limits have barely been touched for over a decade, while only minor tinkering around residential nil rate bands has been part of Budget announcements in recent years.

But all this is about to change - and advisers whose clients may get caught up in the increasingly complicated web of IHT planning will need to know various ways to mitigate it.

Joining Simoney Kyriakou, senior editor for FTAdviser, to discuss these issues and more are Nick Bird, business development manager for Octopus Investment; Kira Motley, partner at Boodle Hatfield, and Edward Grant, director responsible for professional development at St. James's Place.

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