Insights

Many estates are falling foul of the Gift with Reservation of Benefit (“GROB” or “GWRB”) rules which is contributing to HMRC’s receipt of IHT (“Inheritance Tax”) reaching record levels this financial year. In the month of April 2023 alone, HMRC reported £600m of IHT paid which was a 100% increase on its intake just three years earlier in April 2020.