When a person dies one of the responsibilities of their personal representatives (PR) is to complete an inheritance tax return and pay any inheritance tax due (IHT). To work out how much IHT to pay, the PR must calculate the value of the estate at the date of death by adding together the assets and deducting any liabilities. When it comes to digital assets, valuing them is tricky as determining their worth is not a straightforward task.

In this special edition of The Digest, we focus on four areas in which a future Labour government might shake up the current tax regime and what you can do now to prepare.

Although the next general election could be held as late as January 2025, it is widely expected that it will be called earlier – probably in Autumn 2024. Current opinion polls suggest that it is very likely that the next government will be a Labour one.

Wednesday marked the first Spring Budget for Chancellor Jeremy Hunt following his Autumn Statement last November. He built it around four 'Es'.