January 2020 – Inheritance Tax – Prospect Of Some Lifting Of The Burden
On 14th January the Inheritance Tax Act 1984 (Amendment)(Siblings) Bill was given its first reading in the House of Lords. What is it all about? Before turning to that some background: Inheritance Tax (“IHT”) Inheritance tax is a tax on … More
Posted in Bullet Point Update
Tagged IHT, Inheritance Tax, Inheritance Tax Act 1984
July 2019 – Death tax – making it “simples”?
The Office of Tax Simplification There is (believe it or not) something called the Office of Tax Simplification (“the OTS”). It was set up as a temporary body in July 2010 and it was put it on a permanent, statutory … More
Posted in Bullet Point Update
Tagged IHT, Inheritance Tax, Tax Planning
Inheritance Tax exceeds £5 Billion for the First Time
HM Revenue & Customs recently released data which showed Inheritance Tax (IHT) raised a record £5.2 billion in the financial year 2017-18, up 8% from the previous tax year. It is thought that the increase is due to the fact … More
Posted in Blog
Tagged HMRC, IHT, Inheritance Tax, Nil Rate Band, Private Client