As we reach the final quarter of the year, the tax landscape continues to evolve, bringing with it both challenges and opportunities for our clients. In particular for those impacted by the significant changes announced to Inheritance Tax Reliefs announced at the last Budget. M any people are taking steps to consider their position now, with reports of a 60% increase in the pension commencement lump sum (formerly called the tax-free lump sum) being taken over the past year. So, with that in mind, in this edition, we look ahead to the upcoming Budget on 26 November. We’ll also delve into the latest consultations on trusts, examining how proposed reforms might affect trustees and beneficiaries. A common topic of discussion amongst our clients over the last 12 months. Then, as many turn to lifetime gifting as a solution to mitigating IHT liability, we speak to Kerseys
Simon Hurren Private Client Tax Partner simon.hurren@scruttonbland.co.uk 01473 945822
Solicitors about the importance of protecting assets in a divorce with a pre or post-nuptial agreement. Making Tax Digital (MTD) remains a hot topic and with the changes on the horizon for April next year, we tackle some of the most frequently asked questions on the subject to help you prepare. Finally, we turn to VAT with a spotlight on the DIY Housebuilders Scheme, clarifying common pitfalls and opportunities for reclaiming VAT on self-build projects. We hope you’ll find this edition informative and thought-provoking. And, as always, please get in touch if you’d like to discuss any of the topics in more detail.
The Chancellor warned in August that tax rises will be needed to fill the £51 billion black hole. So, with pre-Budget planning more important than ever, we’ll share insights that help explore some of the areas you may wish to consider in the next few weeks - whilst we still have certainty of the current rules. Firstly, now that we have further details of the impact of the Inheritance Tax (IHT) changes coming into place from April 2026, we explore some proactive estate planning strategies to consider. With insurance an important part of the planning, we’ve got an article from Independent Financial Advisers -Amber River to highlight the role of insurance in IHT planning.
P.S. We’ll once again be hosting our free Budget Breakfast events in person and online on Thursday 27 November – we’d love to see you there. Book your place now via the QR code opposite, or by visiting our website: scruttonbland.co.uk/news- views/budget-breakfast-autumn-2025/
PRIVATE CLIENT | SCRUTTON BLAND | 3
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