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Contributed by ACCA, in their own words

Details of three changes to IHT. 

IHT liability for foreign currency accounts

The government will treat funds held in foreign currency accounts in UK banks in a similar way to excluded property for the purposes of provisions which restrict how liabilities are deducted from the value of an estate for IHT purposes.

IHT exemption for emergency service personnel

The government will consult on extending the existing IHT exemption for members of the armed forces whose death is caused or hastened by injury while on active service to members of the emergency services.

IHT freeze

The government will extend the freeze of the IHT threshold at £325,000 until 2017/18.