Your Pension and Inheritance Tax
Proposed changes could bring unused pensions and death benefits into inheritance tax calculations. What might this mean for your estate and beneficiaries?
Inheritance Tax Investigations: HMRC’s Pursuit of Unpaid IHT
HMRC has set up a new specialist team to udertake target estates of wealthy deceased individuals in order to undertake inheritance tax investigations to check whether a greater Inheritance Tax (IHT) liability may have been due than originally calculated by estate executors.
Good To know – IHT Share Loss Relief
In challenging market conditions, it’s likely that some bereft individuals will be inheriting investments that have fallen in value...
Muddy Waters Swirl Around IHT
In late July 2021, HM Revenue & Customs (HMRC) published its annual statistics on Inheritance Tax (IHT). Here's what it said...
Inheritance Tax Advice: Where are we now?
In the 2016–17 tax year, HMRC raised a hefty £4.84bn in IHT, brought about largely by rising property prices that are seeing more and more families drawn inexorably into the tax net, despite doing nothing more than owning their own home.
How to reduce your liability to inheritance tax
Planning matters... There are several ways in which you can reduce your potential liability to IHT.