9 Autumn Budget | 26 November 2025 IHT on infected blood compensation payments Payments made under the Infected Blood Compensation Scheme and Infected Blood Interim Compensation Payment Scheme will be relieved from IHT where the original person eligible for compensation has died before the compensation has been paid. First living recipients of compensation payments will also have two years in which to gift some or all the compensation payment without an IHT charge. IHT agricultural and business property reliefs Any unused £1 million allowance for the 100% rate of agricultural property relief and business property relief will be transferable after death between spouses and civil partners, including where the first death was before 6 April 2026, which echoes the transferability rules for nil rate bands. IHT on unused pension funds and death benefits Personal representatives will be able to direct pension scheme administrators to withhold 50% of taxable benefits for up to 15 months and pay the IHT due in certain circumstances. Personal representatives will be discharged from a liability for IHT payment on pensions discovered after they have received clearance from HMRC. IHT charges for excluded property trusts With retrospective effect from 6 April 2025, there will be a cap of £5 million on relevant property trust charges for pre-30 October 2024 excluded property trusts. Saver Don’t waste your CGT annual allowance The annual exempt amount for personal capital gains is £3,000. The exemption could save you up to £720 in tax.
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