Inheritance Tax 2024 Budget. Rachel reeves’ autumn budget brings a range of inheritance tax updates, including a freeze on the iht threshold, new taxation on inherited pensions, reformed. The cgt rates for residential property has remained at 18% for lower rate taxpayers and 24% for higher rate taxpayers.
Inheritance tax rules mean the amount people are liable to pay may vary. Rachel reeves’ autumn budget brings a range of inheritance tax updates, including a freeze on the iht threshold, new taxation on inherited pensions, reformed.