£936 million IHT paid in September: Why is it no longer a tax for the super-wealthy?
The Treasury reported a historic £936 million in Inheritance Tax (IHT) receipts for September – an increase of £265 million on the same month last year.
Category Inheritance
When is a gift exempt from Inheritance Tax? The seven-year rule explained
According to recent research, the amount of Inheritance Tax (IHT) paid on gifts rose by £13 million when compared to the previous year.
Non-doms set to face new Inheritance Tax hurdles
Starting next year, non-doms will face a tougher tax climate as Labour takes steps to fix what they see as outdated tax perks and overhaul Inheritance Tax (IHT) rules.
Understanding Inheritance Tax and the implications for your finances
Inheritance Tax (IHT) can be a sensitive and uncertain topic when discussing with loved ones, but it is something that cannot and should not be avoided.
Navigating estate planning and Inheritance Tax: what you need to know
HM Revenue & Customs (HMRC) recently announced that Inheritance Tax (IHT) receipts were up by £200 million between April to July 2023, making this a record high.
What do you need to know about Inheritance Tax?
Are you thinking about the tax implications of your estate and what this could mean for your loved ones after you pass?