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Inheritance Tax Jargon explained

Inheritance tax is ensnaring more people than ever due to ever increasing house prices. The tax man has revealed record IHT takings in the year...

Rich Should Pay More Taxes, Urges Think-Tank

The rich are not paying enough tax and the government should raise wealth taxes and scrap saving subsidies, argues a leading think-tank. Chancellor of the...

Gifts Gone Wrong Raise Millions For Tax Man

You would think giving stuff away is easy - but if you want to gift your home to loved ones, the tax man will...

Taxman To Tackle Wealthy Families With Trusts

Wealthy taxpayers who rely on trusts to avoid paying tax on their fortunes could come under attack from HM Revenue & Customs. The tax authority...

Shock Family Tax Bills For Ill Expats Gifting Unspent Pensions

Families of expats trapped in the UK’s wealth tax net could face a shock bill following a controversial court case. The Court of Appeal sided...

One In Four Families Checked For IHT Dodges

Tax investigators are targeting a quarter of bereaved families who they suspect of understating inheritance tax. HM Revenue & Customs has increased the number of...

No Tax Like Inheritance Tax

There is no tax like Inheritance Tax. It arouses animosity in many people, especially when it has ensnared many families in its ever expanding...

Experts Want To Know What Families Think About Paying IHT

Experts charged with overhauling the rules over how inheritance tax is charged have issued a plea for help. They want families and professionals who have...

Tax Year Change Heralds New IHT Wealth Limits For Families

Inheritance tax changes heralded in by the changing tax year mean you can pass on at least an extra £25,000 of your wealth tax-free...

Only A Third Of Over 55s Planning For IHT

Only one in three over 55s approaching retirement who take advice from an IFA have considered inheritance planning, according to research. The findings suggest not...

Most People Have No Idea How Much IHT Their Estate Pays

Most people have no idea how inheritance tax will impact on the wealth they expect to leave for their families and loved ones. Only three...

Chancellor Orders Tax Experts To Check Out IHT

British Chancellor of the Exchequer Phillip Hammond has ordered tax experts to carry out a review of how inheritance tax rules are working. In a...

Tax grab raises billions more for UK Treasury

Treasury coffers are full to brimming with cash from surging inheritance and capital gains taxes. HM Revenue and Customs has flagged that inheritance tax raised...

Aggressive Tax Man Scoops More IHT From Families

Aggressive tax inspectors are turning the screw on grieving families by challenging claims for inheritance tax reliefs, say financial experts. The tax take for HM...

Complicated IHT Tax Take Goes Up Despite New Nil Rate Band

The Treasury’s inheritance tax take is up by nearly a fifth despite a new relief designed to save families paying death duties. HM Revenue &...

Complex IHT Rules Spark Advice Boom For IFAs

Inheritance advice is one of the hot financial topics for IFAs and their clients but few advisers want to offer a service without the...

Tax and State Pension Rules Penalise Unmarried Couples

Couples that live together rather marrying can seriously damage their wealth, says a new report. Although the fastest growing group of friends with benefits are...

Estate Planning For Expats

If you are an expat and what to do some serious tax planning, you need to know the difference between tax residence and domicile. Both...

Ombudsman Sees IHT Decision Overruled In Court

The ombudsman’s job is to protect consumers by adjudicating complaints – but are their decisions always right? A recent court decision has revealed how making...

What Would You Do With A £119,000 Cash Windfall?

The average inheritance is a cool £119,000 – so what would you do with a windfall like this? Surprisingly, few would spend the cash –...