The Chancellor faces calls to abolish the £175,000 residence nil-rate band in the Budget (Source: The Telegraph)
Reeves urged to launch £2bn inheritance tax raid on family homes Read More »
Inheritance tax (IHT) receipts have increased by £200m year-on-year in July, taking the amount collected in IHT to £2.8bn in the current financial year. (Source Money Age)
IHT receipts rise by £200m year-on-year in July Read More »
Chancellor Rachel Reeves’ recent ‘spending inheritance’ announcement disclosed a projected overspend of £21.9 billion for 2024/25, with offsetting measures of £5.5 billion, leaving a £16.4 billion shortfall for the current financial year. (Source Money Marketing)
Tony Wickenden: Ripe for the picking – how Labour could change CGT and IHT Read More »
HM Revenue and Customs today revealed that Inheritance Tax receipts for April 2024 to June 2024 were £2.1billion, which is £83million higher than the same period last year. That is an annual increase of 4.1%. (Source Today’s Wills & Probate)
IHT receipts for April to June £83m higher than same period last year, data reveals Read More »
HM Revenue and Customs revealed that inheritance tax receipts (IHT) for April 2024 to May 2024 are £1.4 billion, which is £0.2 billion higher than the same period last year. That is an annual increase of 16.6%.
IHT receipts surge 16.6% to £1.4bn in April-May 2024 Read More »
The Conservatives will pledge to abolish inheritance tax in “one big throw of the tax dice” to try and save themselves from electoral wipeout, George Osborne has said. (Source The Telegraph)
Tories to scrap inheritance tax in ‘big throw of the dice’, says Osborne Read More »
Britons are warned of the most “common mistakes” seen when passing on wealth which can leave people paying thousands of pounds more to HMRC.
Following the latest inheritance tax receipts data, an expert has shared costly mistakes they have see their clients make when estate planning.
Interview: Chancellor vows tax breaks for middle classes as he declares: ‘We are the underdogs in this election’
Inheritance tax against Tory values, says Hunt Read More »
HM Revenue and Customs’ monthly tax bulletin was released this morning
2024/25 kicks off with £0.7bn in IHT receipts; Up £85m on last year Read More »
Half of high-net-worth individuals plan to pass on properties to their children, leaving them exposed to both inheritance and capital gains tax.
Half of HNWs plan to pass on property as inheritance Read More »
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