Understanding Replacement Relief and IHT: What advisers need to know

While the underlying principles haven't changed, the rules can be complex and may lead to outcomes that are not immediately obvious when portfolios are restructured.

With more clients reviewing their inheritance tax planning in response to recent Business Relief changes and continued threshold freezes, it’s important that advisers understand the implications.

In this short video, Nick Morgan, Partner, explains the key rules, outline HMRC’s latest guidance, and explores the practical considerations when replacing qualifying investments.