OTS to reduce red tape on IHT forms
From 1 January 2022 over 90% of non-tax paying estates will no longer have to complete inheritance tax (IHT) forms for deaths every year when probate or confirmation is required
The Office of Tax Simplification (OTS) has announced that over 90% of non-tax paying estates will no longer have to complete inheritance tax (IHT) forms for deaths every year, when confirmation is required.