Publication
The Australian IP Report 2025: Staying ahead of the pack
IP Australia released the Australian IP Report 2025 (IP Report), providing the latest IP trends, statistics and policy developments across Australia.
Government responds to the consultation on IHT on unused pensions
United Kingdom | Publication | July 2025
On July 21, 2025, HMRC published the Government’s response on IHT on unused pension funds.
HMRC has also published a policy paper and draft Finance Bill measures, which will bring most unused pension funds and death benefits into scope of inheritance tax (IHT) from April 6, 2027. From this date, personal representatives (not pension scheme administrators, as had originally been proposed) will be liable to report and pay any IHT due on unused pension funds or death benefits.
However, all death-in-service benefits payable from a registered pension scheme or a dependant’s scheme pension from a DB arrangement will be excluded from the value of an individual’s estate for IHT purposes from April 6, 2027.
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Recent publications
Publication
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In this edition, Katie Phipps provides an overview of the much-anticipated reforms in the Renters’ Rights Act, which became law on 27 October 2025. She explores the key provisions and their practical implications on stakeholders.
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Building Legislation Amendment (Fairer Payments on Jobsites and Other Matters) Bill 2025 (Vic)
The Victorian Government has introduced major reforms to the security of payment (SOP) regime in Victoria with the Building Legislation Amendment (Fairer Payments on Jobsites and Other Matters) Bill 2025 (Vic) (the Bill).
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