Nearly 5% of estates now fall under HMRC’s inheritance tax rules (IHT)
BVWire—UK estimates that 28,000 estates fall into the inheritance tax (IHT) rules this year, an increase from 24,500 in 2015/2016.
Nelder discusses trends in fiscal business valuations for HMRC
As most British business valuators know, HMRC Shares and Assets Valuation (SAV) reviews (and sometimes questions) fiscal valuations. Staff at SAV have shrunk by about half over the years, but they still deal with many valuations (approximately 12,500 a year).
Valuators now have 90-day extension option for HRMC employment income or share scheme filings
Accountants and valuers file a significant number of extension requests for existing EMI agreements.