https://birminghamdaily.co.uk/tags/hmtc/Recent content in hmtc on Birmingham DailyHugo -- gohugo.ioen-usWed, 01 Jul 2026 04:47:39 +0000https://birminghamdaily.co.uk/rachel-reeves-inheritance-tax-changes-to-cost-families-110000-on-600000-estates/Wed, 01 Jul 2026 04:47:39 +0000https://birminghamdaily.co.uk/rachel-reeves-inheritance-tax-changes-to-cost-families-110000-on-600000-estates/Rachel Reeves, soon to be replaced as Labour Party Chancellor, has confirmed a significant change to inheritance tax (IHT) rules that will come into effect in April 2027, impacting families across the UK. The new regulations include unspent pension funds in the valuation of estates for inheritance tax purposes, potentially resulting in substantial tax bills for many inheritors. This change is expected to affect estate valuations significantly, especially for estates around £600,000, where the tax liabilities could rise by up to £110,000 under the new rules.