The Property (Digital Assets etc) Bill has just been introduced to the House of Lords. The Bill’s purpose is to clarify the legal status of digital assets as personal property.
Inheritance Tax (IHT) decisions in the Autumn Budget will probably change financial arrangements for many families.
Currently IHT affects about one in 20 or 4% of estates each year but by 2032 this is expected to increase to 7%. Parents might start passing on assets to their children much earlier to minimise IHT liabilities.