Figures released by HM Revenue & Customs (HMRC) show that inheritance tax receipts have hit record levels while new data shows it's hunting down thousands of families that have not paid the correct liability on inherited estates.
In challenging market conditions, it’s likely that some bereft individuals will be inheriting investments that have fallen in value...
We discuss the latest news on Inheritance Tax, Pensions and Retirement...
In late July 2021, HM Revenue & Customs (HMRC) published its annual statistics on Inheritance Tax (IHT). Here's what it said...
6 out of 7 bereaved partners could be paying unnecessary tax. Learn more...
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.
New inheritance tax changes that families need to be aware of so that they can plan their wealth effectively for the future.
Under changes in the new rules, you can inherit an Individual Savings Account (ISA) from your spouse and retain the tax benefits...
