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Potential Changes to IHT rate
wyattjnr
Posts: 36 Forumite
If the IHT rate changes from 40% to 45% in the October Budget, will those that have already started the probate process be protected from the rise or will they also pay the 45%?
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Comments
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We'll have to wait and see what the budget brings. Endless speculation is pointless.0
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I would expect any changes to be implemented from the date of someone's death - i.e. for estates where the person dies after the change comes in.
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It is highly unlikely that a rate hike would be backdated, if it was it would affect all estates caught by the back dating regardless of what stage the winding up had got too.0
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