Latest News -
Inheritance Tax
Updated: 17 September 2025
Why Inheritance Tax Remains Centre Stage for High-Net-Worth Clients
The global debate on taxing wealth has never been louder. From Switzerland considering new inheritance tax rules to the UK dismantling its non-dom regime, governments are under pressure to raise more from those with significant assets.
For accountants, the lesson is clear: inheritance tax (IHT) remains one of the most politically and economically sensitive areas of taxation. While wealth taxes have been abandoned in many OECD countries, IHT continues to generate significant revenue in the UK - and with an ageing population, it's unlikely to disappear any time soon.
What does this mean for your clients?
-
Business Owners with significant company value face risks if succession planning isn't in place. HMRC will not wait for liquidity events before demanding IHT.
-
High-Net-Worth Families are increasingly caught in the IHT net as property and investment values rise. What was once a 'millionaire's tax' is now affecting estates valued little above £325,000.
-
Cross-Border Families are exposed to double taxation if planning isn't coordinated internationally.
The message to your clients should be simple: waiting is costly. Rules, reliefs, and regimes are shifting. Early, proactive planning is the only way to reduce liabilities and secure long-term family wealth.
At Wills, Tax & Trusts Ltd., we specialise in working with accountants to design strategies that:
-
Protect family businesses from IHT shocks.
-
Use trusts and Family Investment Companies to ringfence assets.
-
Align wills, LPAs, and succession documents with corporate and personal wealth.