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25 Mar 2021
Chancellor Rishi Sunak has responded to a report on inheritance tax (IHT) published by the Office of Tax Simplification (OTS).
The OTS report recommended that the government should implement a fully integrated digital system for IHT, ideally including the ability to complete and submit a probate application. The OTS also suggested that the government make changes to the current forms to reduce and simplify the administration of estates, including introducing a very short form for the simplest estates and updating the conditions that must be met to be able to complete a short IHT form.
A letter sent to the OTS on behalf of the Chancellor states that the government 'strongly supports' the key recommendations made in the report, and that it intends to:
The government's full response can be found here.