Inheritance Tax 2024 Nz. Inheritance taxes are intensely disliked, so if you haven’t got one it’s very hard to put one in. From 1 april 2022, rollover relief applies to transfers of inherited residential property from a beneficiary to a qualifying family trust.

From the tax year ended 2023 an executor will need to decide if any reportable income received in the 28 days following death, is included in either. Chancellor rachel reeves is reportedly planning changes to inheritance tax at the budget as she looks raise up to £40bn from tax hikes and spending cuts.