Autumn Statement 2025 | Expert Insights
Response on Inheritance Tax
On the trust side, the government is tightening the net. A £5 million cap on certain charges for pre-30 October 2024 excluded property trusts offers some certainty, but new anti-avoidance measures show a clear intention to close perceived loopholes, particularly around asset situs changes and non-UK structures.
Restricting the charity exemption to UK bodies reinforces this direction of travel.
Overall, the theme is clear: simplification in some areas, tighter rules in others, and a continued push to broaden the IHT base.
Lisa Wilson
Partner and Head of Tax Cowgills
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