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inheritance

Tax Man Grabs A Record £5.4 Billion From Families Paying IHT

The number of families paying death duties has reached a new high - although who pays most depends on their postcode, according to official...

What Happens To Your QROPS When You Die?

What happens to any money left in a QROPS pension when you die is an important question for many expats. QROPS are offshore pensions for...
inheritance

Claiming An IHT Refund As House Prices Fall

London house prices have dropped so much in value over the past year that anyone who has inherited a property may be due an...
inheritance

IHT Is Too Complicated, Say Tax Gurus

Tax experts are recommending ministers to take action to simplify inheritance tax rules. The Office of Tax Simplification, an independent government agency looking at how...
inheritance

Family At War Over Who Inherits £300,000 Home

A family is at war over a £300,000 legal battle in a bid to win the home of their parents who tragically died from...
trust

What Is A Trust And Do You Need One?

Solicitors often talk about leaving property or money in trust for your loved ones when you die, but what does this mean and should...

Parents’ Spare Cash Can Boost Their Children’s Pensions

Wealthy parents with cash to spare can boost the retirement prospects of their children by paying into their pensions. Current pension rules do not stop...
Inheritance tax

IHT Pension Tax Case Goes To Supreme Court

A long-running court battle over how inheritance tax rules apply to pension transfers will now be decided in the Supreme Court. HM Revenue & Customs...
inheritance

Grieving Families Pay Record £5.6 Billion Inheritance Tax

Families have paid a record £5.6 billion inheritance tax despite the government increasing tax breaks. In the 2018-19 tax year, the IHT tax take increased...

Talking About Your Death Is The Last Taboo

Millions of people who have drafted a will refuse to talk about the details with their loved ones, according to new research. While document is...
inheritance

What Tax Do You Pay If You Inherit Property?

Tax can be confusing, which is why so many people worry about tax they might have to pay on gifts left to them by...

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...
Tax

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...
trust

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...
inheritance

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...
inheritance

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...
inheritance

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...