The FT adviser reports “IHT tax gap reaches £600m a year”

“The OTS review confirmed fewer than 25,000 UK estates are liable for IHT each year, compared to an average 570,000 deaths. The report found IHT forms were completed for 275,000 estates in the 2015 to 2016 tax year, more than ten times the number of estates on which the tax was paid. Read more