IHT regime is outdated and in serious need of an overhaul

"People want to invest in assets that qualify, so their estates do not pay IHT, and those two reliefs alone were worth £3.5bn in 2018, so there is some scope as we look at how the world is changing, to expand on this and transform IHT."

To listen to the full podcast click play on the player above. FTAdviser's podcasts are also available on Apple Podcasts, Spotify, Stitcher and Acast.

simoney.kyriakou@ft.com