Chancellor Jeremy Hunt is under pressure from his fellow ministers to slash inheritance tax (IHT) in the Autumn Statement. Government officials say the top taxman has been looking at reducing the levy for some time, as it continues to be unpopular with
Families may end up with a huge inheritance tax (IHT) bill of thousands of pounds because of a common mistake, according to a finance expert. Rowan Harding, financial planner at Path Financial, said people in the UK may be penalised when gifting
That’s because when Edward and Sophie married in 1999, Buckingham Palace announced they were given the title of the Earl and Countess of Wessex and their children “would have courtesy titles as sons or daughters of an earl”. Courtesy titles are only
Jeremy Hunt is bracing for the Autumn Statement on November 22 and is facing pressure from MPs to scrap inheritance tax completely. Inflation is still high, at 6.7 percent, meaning Mr Hunt has halted personal tax cuts in the Autumn Statement. However,
A man put laxatives in his sister’s milk in a row over the inheritance of their family home. Robert McCabe’s sister Sharon grew suspicious after a four-pint bottle of milk smelt of chemicals in a “sibling squabble” which grew increasingly bitter. With
Ranil Jayawardena, Tory MP for North East Hampshire, called for the “death tax” to be abolished. The ex-Environment Secretary said: “Let’s celebrate, not penalise, people who are trying to do the right thing. Hardworking families should be free to keep more of
The Prime Minister Rishi Sunak is planning to slash “the most hated tax in Britain” — inheritance tax — as part of a number of “crowd-pleasing” announcements next month. Cutting the tax and then eventually abolishing it is being considered before the Conservative party conference
‘Shocking’ rules mean parents could trigger inheritance charges by simply borrowing books from their old home, an MP has warned. Rocketing property prices, coupled with stagnant tax thresholds, have meant the number of families being stung by death duties has doubled over
Downing Street is reportedly holding talks about making scrapping inheritance tax a manifesto pledge in a bid to win the next election. The Times reported that No 10 was mulling over abolishing the levy a commitment to shore up votes in so-called
The value of agricultural land is hitting record highs as rich people seek loopholes to avoid inheritance tax, it is being reported. Wealthy investors who have discovered the legal technicality are snapping up fields – and as a consequence prices are soaring