HMRC confirms 4 inheritance tax perks being scrapped under Andy Burnham

NewsCost Of LivingHMRCThey will all be denied09:25, 11 Aug 2026HMRC is planning a so-called “two-tier” inheritance tax system for pensions as families face a 64 per cent tax hit. From 6 April 2027, unused pensions will fall within the scope of inheritance tax for the first time.‌HMRC, the Labour Party government’s tax arm, has also confirmed four perks - loss on sale relief, business property relief, agricultural property relief and the option to pay IHT in instalments - will all be denied to assets held inside a pension.‌Rachel Vahey, head of public policy at AJ Bell, said: "Dragging unused pensions into the inheritance tax net from April 2027 was already a major blow for families, but HMRC's proposed approach risks making a bad policy even worse."‌READ MORE Andy Burnham council tax cut p