Inheritance tax (IHT) receipts reached £5.7billion between April and November 2024, according to the latest HM Revenue and Customs (HMRC) figures. The total represents a £600million increase compared ...
The case centred on a family inheritance dispute in which the claimant daughter was awarded a lump sum, including £16,750 ‘as a reasonable CFA mark-up and costs’. However the daughter’s CFA ...
Millions of UK adults aged 55 and over remain completely unaware of crucial changes to inheritance tax (IHT) rules that will affect their pensions, new research has revealed.Analysts are urging ...
Families have donated a record £1.1bn to charities using rules that can reduce inheritance tax bills, figures reveal. It comes as experts predict more people will take advantage of charitable ...
How you manage an inheritance can change your life. We’ve all heard stories about individuals who passed away quietly after a life of frugality, keeping their estate plan a secret and leaving a ...
Michael Gymer died in December 2020 aged 83, just six months after his 81-year-old wife Julie passed, with whom he had fathered three children. However, just prior to his death, the trio of ...
Where a business is able to do so, a dividend covering the cost of the [inheritance tax] bill can be paid. But this comes with an additional tax cost of 39.5 per cent – effectively double-taxing ...
The Chancellor’s Autumn Budget changes have been dredged back into the spotlight after a retiree slammed the impact of her inheritance changes. Although these changes will only come into force ...
Chancellor Rachel Reeves’s planned inheritance tax overhaul on family businesses and agricultural land risks backfiring by leaving the Exchequer £1bn worse off than if no changes were made, according ...
1. Agricultural and business inheritance tax reliefs will become more restrictive from April 2026, which will catch more estates for inheritance tax. 2. The 'nil rate band' of £325,000 ...
As per another development emerging from his family’s side, documents obtained by TMZ suggest that Luigi’s grandmother, Mary C Mangione, a philanthropist, left behind a huge inheritance to be ...