Reeves 'daft new IHT plot' slammed for 'turning grandparents into tax evaders'

Reeves 'daft new IHT plot' slammed for 'turning grandparents into tax evaders'

Financial experts have claimed Rachel Reeves risks effectively criminalising ordinary people for simply helping their children and grandchildren.

Rachel Reeves’ inheritance tax plans branded “daft” as experts warn grandparents could become “overnight tax evaders” – Your Capital Minds

Chancellor Rachel Reeves has come under fire from financial advisers after reports suggested she may target tax-free family gifts in her latest inheritance tax (IHT) reforms. Wealth managers and planners have branded the proposal “daft” and a “blatant tax grab” that risks punishing grandparents who financially support their children and grandchildren. At present, individuals can give up to £3,000 a year in gifts tax-free, with additional exempti…