Even though the Chancellor’s Spring Budget 2024 didn’t bring in the dramatic abolition of IHT that had been rumoured. There were a number of changes to the IHT system that will affect currently non UK domiciled individuals and potentially trusts related to them.
Gravita’s IHT webinar, hosted by Gravita Tax Consultant, Tim Palmer, and presented by Gravita Tax Partner, Michaela Lamb, provided a refresher on the current IHT rules as well as an overview of what the potential changes for non-doms could look like.
During this concise yet insightful webinar, Michaela explored the following pivotal topics and more:
- IHT…Where are we now
- IHT planning and minimising the IHT hit
- Avoiding falling foul of the gift with reservation of benefit (GROB) anti-avoidance legislation
- Successfully claiming IHT Business Property Relief
- The use of trusts and other such vehicles
- An illustration of the reliefs and exemptions available
- What further changes to look out for
- General overview
What next?
Should you have any questions, please do not hesitate to contact Michaela Lamb, or get in touch with as at hello@gravita.com.
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