IHT
Tax & Regulation | 5 Aug 15
UK’s new IHT allowance seen as tricky to achieve
New inheritance tax thresholds on family homes introduced in the UK Government’s Summer Budget are more complex than many people realise, according to a specialist in estate planning and tax advice.
Offshore Bonds | 22 Jul 15
HMRC spares ‘non-aggressive’ trusts from IHT avoidance scheme crackdown
HM Revenue & Customs has proposed strengthening the ‘hallmarks’ it uses to identify inheritance tax planning arrangements but has excluded certain types of trusts used alongside life assurance policies.
Tax & Regulation | 8 Jul 15
UK gov’t to cut pension allowances for high income earners
The UK government will begin to reduce pension annual allowances for those on incomes of over £150,000 from April next year, the chancellor George Osborne announced in his Summer Budget.
Profiles & Comment | 6 Jul 15
Summer Budget 2015: Saving the wealthy from record IHT rates?
Last week, it was revealed that HM Revenue & Customs took in a record £379m worth of inheritance tax (IHT) in April, but with the Tories today confirming a more lenient approach to the tax in Wednesday’s Summer Budget, what is the future price of passing down wealth?
Tax & Regulation | 3 Jul 15
HMRC takes in record levels of inheritance tax
HM Revenue & Customs took in nearly £400m worth of inheritance tax payments in April, the biggest ever amount for a single month.