The All-Party Parliamentary Group for Inheritance & Intergenerational Fairness (APPG IIF) has published a report in which it recommends abolishing inheritance tax (IHT) in its current form and replacing it with an entirely different regime.
Various leading policy research organisations and expert tax bodies gave evidence to the group during its deliberations. If adopted, its conclusions would replace the current array of IHT reliefs and exemptions, which would lead to a simplification of the IHT system.
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