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While inheritance tax allowance thresholds controversially remain frozen, an expert shares the ways to reduce the potential of a sizeable tax burden.
READ MORE Joe Cobb, Partner at JMW Solicitors, said he believes Mr Sunak will reduce relief options for people. He told Express.co.uk: “There has been much speculation about what the Chancellor might change in the Spring Budget, with Inheritance Tax (IHT) appearing high up the possible list of changes. “It is possible that the Chancellor might seek to restrict access to certain IHT reliefs, for example, the generous 100 percent relief applying to holdings of shares listed on the Alternative Investment Market, or seek to tinker with the tax-free amount. “The introduction around five year...