Will you be fuelling the inheritance tax bonanza?
Recent data has revealed that inheritance tax (IHT) receipts reached a record level in the 2022/23 tax year.
Recent data has revealed that inheritance tax (IHT) receipts reached a record level in the 2022/23 tax year.
The future of two personal taxes – inheritance and capital gains – has been clarified, with no major changes to be made to either, so now you have no excuse to delay estate and CGT planning.
The Organisation for Economic Cooperation and Development (OECD) is the latest body to wade into the inheritance tax debate – on a global scale.
The outcome of a recent High Court case is a warning for anyone challenging a will.
The freeze on the inheritance tax (IHT) nil rate band will mean more tax from more estates.
Lower market values are generally regarded negatively, but there are some hidden upsides to taking the opportunity to review the balance of your holdings.
The Covid-19 pandemic has seen a surge of will writing under difficult social distancing conditions. Don’t leave it until it’s an emergency.
Chancellor Rishi Sunak made no change to inheritance tax in the March Budget, despite expectations, leaving certain estate planning measures still open. Review your IHT planning in case the Autumn Budget brings in the anticipated changes.
February sees a tweak to intestacy rules for England and Wales. Ensure you have written a will and keep it up to date.