Tax
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Inheritance Tax worries surge but survey shows only 26% of people are prepared with strategies
A new study by private and commercial bank, Arbuthnot Latham has uncovered that despite high levels of concern over the financial security of future generations, only 26% of the UK’s wealthiest have tax mitigation strategies in…
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Changes to the taxation of non-UK domiciled individuals and what this means in practice
Written by Adam Craggs, partner and head of RPC’s Tax Disputes and Investigations team The UK government’s announcement at the Spring Budget…
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New research with advisers and wealth managers by TIME Investments highlights growing importance of Business Relief in IHT planning
The role of Business Relief (BR) as an Inheritance Tax (IHT) planning tool will become even more important over the next two…
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HSBC Life UK enhances adviser support with IHT calculator
Recent HMRC data shows that total IHT (inheritance tax) receipts for April 2023 to March 2024 climbed to £7.5 billion – £0.4bn…
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Revealed: 48% rise in inheritance gifting – Lawyers analyse the causes, pros and cons
Rising cost of living, concerns about IHT and the challenges that the younger generations are facing, have led to more families gifting…
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Last call for late tax returns before higher penalties kick in
Taxpayers who failed to file their 2022-23 tax return in time are being encouraged to submit their late returns before 1 May…
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Total pension overtaxation bill passes £1.2 billion after record £198 million was repaid to savers in 2023/24
Tom Selby, director of public policy at AJ Bell, comments: “A decade on from former chancellor George Osborne’s bombshell pension freedoms announcement…
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Inheritance tax receipts hit new record of £7.5bn for 2023/24 tax year
HM Revenue & Customs data today revealed that a record amount of £7.5billion in Inheritance Tax was paid to the Treasury in…
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Will the Chancellor cut taxes again with general election looming? Reaction
Following the comment piece yesterday from the Institute of Fiscal Studies, entitled ‘New tax year gives Chancellor more ‘headroom’ but doesn’t change…
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Giving money to charity? Make sure you’re not donating to the taxman too
Charlene Young, pensions and savings expert at AJ Bell, looks at how gift aid works and how to claim. She says: “Recent figures…
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