Tag: inheritance tax news
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”. …
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 …
