Tag: inheritance tax news
Pensioners urged how to avoid new inheritance tax with loophole
Budget changes mean thousands more estates are set to become liable for inheritance tax. …
Inheritance tax warning issued to 40 million Britons lacking one ‘vital’ document
Nearly a fifth of Britons controversially believe they don’t need one. …
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 …
Pensioners rush to rewrite wills as panic erupts over Rachel Reeves inheritance tax grab
People worried about Rachel Reeves’ tax on pensions have been making enquiries with law firms to change their wills. …
HMRC explains tax-free rule as there’s ‘no limit’ to amount
A taxpayer got in touch with HMRC to ask if they would have to fill in a tax return. …
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 …
Rachel Reeves could plug £40bn gap with four ‘possible’ tax changes
From pensions tax relief to gifting rules, here are a few ways the Chancellor could fill the fiscal hole using inheritance tax “loopholes”. …
