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UK Private Client update: Spring Statement 2025, HMRC anti-avoidance consultations, probate digital uptake, Companies House ID checks, key trusts and estates rulings, and sanctions guidance

Published on: 27 March 2025

Published by a LexisNexis Private Client expert
Legal News
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Article summary

In this issue:

  • Spring Statement 2025
  • Probate
  • UK taxes for Private Client
  • HMRC Manuals updates
  • Tax avoidance, evasion and non-compliance
  • Regulatory compliance for Private Client
  • Contentious trusts and estates
  • Art and heritage property, landed estates and farming families
  • International
  • Question of the week
  • Daily and weekly news alerts
  • LexTalk® Private Client: a Lexis+® community
  • New and updated content
  • Dates for your diary
  • Trackers
  • Latest Q&As
  • Useful information

Spring Statement 2025

Spring Statement 2025—key points

On Wednesday 26 March 2025, the Chancellor of the Exchequer, Rachel Reeves, presented the government’s Spring Budget. There were no fresh measures for Private Client tax advisers—disappointing for those with clients likely to be affected by the planned reforms to business property relief and agricultural property relief from April 2026. Nor was there any sign of a rethink on the proposal to levy an IHT charge on pensions on death. By contrast, tackling non-compliance took centre stage, with announcements of new consultations on tax avoidance and confirmation that HMRC will introduce a reward scheme for informants later this year...

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