Stuart Maggs

Dec 4, 2024 | taxjournal.com | Stuart Maggs |Mike Lane |Heather Self |Andrew Park

As the Chancellor came to the latter stages of her Autumn Budget 2024 speech she announced: ‘From April 2026 the first £1m of combined business and agricultural assets will continue to attract no inheritance tax at all but for assets over £1m inheritance tax will apply with 50% relief at an effective rate of 20%.