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.
In challenging market conditions, it’s likely that some bereft individuals will be inheriting investments that have fallen in value...
In late July 2021, HM Revenue & Customs (HMRC) published its annual statistics on Inheritance Tax (IHT). Here's what it said...
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.
Planning matters... There are several ways in which you can reduce your potential liability to IHT.
