Why is inheritance tax planning important?
If it is applicable to you though, it is something that you really should plan for on behalf of your family. Put simply, inheritance tax is money owed to the […]
The four all-time biggest changes to UK inheritance tax
Today’s inheritance tax dates to 1894, when the British government first introduced estate duty, a levy on land’s capital value, to raise funds to pay off a government deficit of […]
Thousands to face IHT bill from HMRC
Recent figures indicate that in the coming years, UK homeowners numbering in their thousands are likely to be faced with an Inheritance Tax (IHT) bill from Her Majesty’s Revenue and […]
Inheritance tax planning guide for 2022
Inheritance tax must be paid on your estate when a person dies, ultimately reducing how much of its value can be handed down to their beneficiaries. It can also be […]
New figures show UK savers uninformed about IHT
According to new research, over one third of adults in Britain who plan to pass on their wealth to others possess no concrete plans.
Inheritance tax report reveals risks of early gifting
A recent survey has revealed the potential risks for gift givers seeking to issue inheritance to loved ones prior to their death.
How does Inheritance Tax work?
Inheritance Tax, often abbreviated as IHT, is a government levy on the estate of a person who has passes away. It encompasses all of their money, property and personal possessions. […]
Less generous IHT reliefs expected from Autumn Budget
On October 27, Chancellor of the Exchequer Rishi Sunak will deliver the next Budget. Experts anticipate the Treasury will target certain taxes to recoup outlay during the COVID-19 pandemic, and […]
IHT payments hit record high after COVID-19
New statistics released indicate that residents in the United Kingdom paid a record amount in inheritance tax (IHT) back in July this year, after the number of COVID-related deaths spiked […]
HMRC data shows Londoners pay highest IHT bills
The latest data released by Her Majesty’s Revenue and Customs (HMRC) regarding the amount of inheritance tax (IHT) paid by UK residents for the tax year 2018 to 2019 indicates […]