IHT
United Kingdom | 13 Apr 15
Inheritance tax reform promised in UK election battle
Britain’s Conservative Party has vowed to reform inheritance taxes in a bid to counter the Labour Party’s promise to abolish the ‘non-domicile’ regime as the UK election campaign heats up.
HMRC likely to review QROPS
HM Revenue & Customs is likely to address doubts surrounding the IHT-exemption of fully-flexible QROPS with a wide review into how overseas pensions are taxed, say industry experts.
Fully flexible QROPS to lose IHT-exemption
QROPS which embrace HMRCs full flexibility proposals will not qualify for inheritance tax-exemption because of an omission by the Revenue, a leading provider of the schemes has said.
Tax & Regulation | 3 Dec 14
Government announces IHT U-turn
The UK government has today announced a “U-turn” on plans to introduce a single settlement nil rate band on trusts.
Govt continues tax crackdown
George Osborne has used this year’s Autumn Statement to announce a further hardening of the UK Government’s stance against offshore tax evasion, with a particular focus on tax avoidance promoters, and, for the first time, inheritance tax (IHT).