Tag: inheritance tax 2024
Fears of second ‘death tax’ blow for the bereaved
The Chancellor has announced a decision to end an inheritance tax exemption for pension pots passed on if an individual dies before the age of 75 …
Couples may be hit by ‘inheritance tax raid’ in Autumn Budget
Currently, people can transfer unlimited assets between them without paying inheritance tax under the so-called ‘spousal exemption’. …
£400 million surge in Inheritance Tax take as Chancellor eyes further raid
The 10 percent rise was a welcome boost to government coffers amid concerns about a black hole in the nation’s finances …
Radical Inheritance Tax change proposed as Labour ‘plans Budget raid’
The UK is expected to see £5.5 trillion in assets passed down between generations between now and 2050, including £1 trillion in the 2020s …
Four things the government could do to increase Inheritance Tax hitting bereaved families
Currently, inheritance tax is paid at a rate of 40 per cent on estates worth more than £325,000 …
Thousands of grieving families fined up to £3,000 by HMRC for inheritance tax delays
Growing numbers of taxpayers are being stung by the levy as rocketing house prices drive up the value of estates …
Wealthy families rush to give away fortunes to avoid inheritance tax raid this autumn
Tax experts say they are seeing a rush for advice from people who want to preserve and pass on the money they have made from property and other assets …
Inheritance Tax blow for bereaved as number facing big bill over cash gifts rises
The Chancellor Rachel Reeves is understood to be planning major changes to what has been described as Britain’s most hated tax in her October budget …
Death tax bills set to surge with Budget raid taking thousands from the bereaved
The total raised from what has become known as Britain’s most hated tax in the three months rose 9 percent to £2.8 billion. …
