Tax
-
Rathbones reports surge in IHT queries and shares ‘lesser known’ strategies to reduce liability
Financial planners at Rathbones, have reported a surge in client queries about estate planning amid concerns of possible changes to the inheritance tax…
-
High earners face £7k extra tax if thresholds freeze extends to 2030
High earners could face paying more than £7,000 in extra income tax if the Chancellor, in the upcoming Budget, extends the current…
-
Industry experts react to HMRC’s latest IHT figures
This morning’s HMRC update reveals a notable rise in Inheritance Tax (IHT) receipts, which reached £3.1 billion during the first four months…
-
Potential tax changes could reshape UK property market, warns legal expert
In response to reports that the Government may remove Principal Private Residence Relief for homes worth over £1.5 million in the next…
-
Accountants and financial advisers’ clients struggle with tax bills
Accountants and financial advisers are increasingly seeing clients struggling to pay tax bills with the average bill they are struggling to pay…
-
Costs of privately schooling next generation set to nearly double
With A-level results out yesterday, Weatherbys Private Bank’s annual school fees study reveals the impact of VAT and inflation on private school…
-
Spectre of inheritance tax sees grandparents’ wills changed after death to skip a generation
As the government seeks to balance the books, even the modestly well-off fear hefty inheritance tax bills. This is driving many to…
-
Rachel Reeves’ rumoured crackdown on gifting in order to increase IHT
The value of “gifts out of surplus income” rose 177% to £144 million in the 2023/24 tax year*, up from £52 million…
-
4 in 5 advisers spending more time discussing implications of IHT on pensions
Incoming inheritance tax liability (IHT) on pensions is forcing change in how financial advisers spend their time and what they discuss with…
-
Rumoured lifetime gifting cap risks stifling intergenerational support and adding complexity to tax system
With many rumours circulating in the national media around the implementation of a cap on lifetime gifting, first reported by the Guardian, Rachael Griffin, tax and financial…
IFA Talk is our flagship podcast, that fits perfectly into your busy life, bringing the latest insight, analysis, news and interviews to you, wherever you are.