IHT – HMRC update guidance for new interest rates

HMRC have updated their guidance Rates and allowances: Inheritance Tax thresholds and interest rates to show the new interest rate of 6.5% for late payments and the interest rate of 3% on payments from 21 February 2023.

https://www.gov.uk/government/publications/rates-and-allowances-inheritance-tax-thresholds-and-interest-rates?utm_medium=email&utm_campaign=govuk-notifications-single-page&utm_source=99ad9db5-f06d-4470-82e3-7a649cd61656&utm_content=immediately

Related content from Claritax Books

Inheritance Tax by Megan Saksida offers in-depth guidance on IHT matters involving both lifetime transfers and the death estate.