While every attempt will be made to ensure that information provided is accurate at the time of publication, it should be treated as guidance only and does not constitute legal or professional advice. Tax law and guidance changes frequently and readers are advised to consult the current relevant product for the most up-to-date information on this topic.

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The Finance Bill proposes to legislate for the provisions announced in Budget 2013 and introduces some new measures. The following guidance note shows the practical effects of the new IHT provisions in Finance Bill 2013.

The guidance note New IHT provisions in Finance Bill 2013 looks at some of the practical effects of the new IHT provisions in Finance Bill 2013:

  • an increase in spouse exemption for transfers to non-UK domiciled spouses and civil partners
  • the ability to elect to be treated as domiciled in the United Kingdom
  • restrictions on the deduction of liabilities for IHT

Download the full guidance note