Tax
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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…
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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…
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Surge in delays in HMRC alternative dispute resolution creating uncertainty for taxpayers
The number of Alternative Dispute Resolution (ADR) cases exceeding HM Revenue & Custom’s (HMRC) four-month resolution target has more than doubled over…
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Dividend tax squeeze to hit record 3.7 million people
New HMRC figures obtained by Quilter through a Freedom of Information request reveal the full extent of the dividend tax squeeze facing…
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Tax rises are coming — and UK asset holders must act now
The question is no longer if taxes will rise in the UK, but how quickly and how sharply, warns the CEO of…
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Number of savers paying tax on interest quadruples as frozen allowances bite
The number of people paying tax on their savings income is set to quadruple in just four years, according to new data…
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Total cost of pension tax and NI relief passes £50bn…but Reeves faces public sector firestorm if she targets another retirement raid
The total net cost of pension tax and National Insurance Contributions relief hit £52.5 billion in 2023/24, up marginally from £50.1 billion…
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IHT stats highlight how fiscal drag continues to swell tax receipts
HMRC’s latest inheritance tax (IHT) statistics for the 2022/23 tax year reveal a significant £710 million increase in liabilities compared to the…
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Number of estates liable to inheritance tax rises by 13% ahead of ‘seismic’ reforms due next year
New figures released by HMRC today show that the number of estates liable to pay inheritance tax rose by 13% in 22-23 vs the…
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More estates face inheritance tax as liabilities Jump 12%, industry professionals share their views
Annual Inheritance Tax liability statistics from HM Revenue and Customs today revealed that in the tax year 2022 to 2023: Based on…
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Number of reclaims for overpaid tax on pensions breaks half a million barrier – “how much longer will this go on?” asks Steve Webb
New figures published today by HMRC reveal that the total number of claims for overpaid tax on pension withdrawals has now gone…
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Taxpayers should consider charitable giving to reduce inheritance tax bills and leave more to next of kin
Taxpayers should make greater use of charitable giving to reduce their inheritance tax (IHT) bills and leave more of their estates to…
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Legal expert assesses the implications of draft legislation on APR and BPR and what it means for your clients
The Government’s long-awaited draft legislation on Agricultural Property Relief (APR) and Business Property Relief (BPR) confirms a seismic shift in how succession…
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New data shows IHT free gifts soar 177% as families race to dodge Reeves’ cuts to key IHT reliefs
The value of “gifts out of surplus income” rose 177% to £144 million in the 2023/24 tax year, up from £52 million…
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CGT data shows property disposals surge in 24/25 but liabilities fell in 23/24 as investors sat tight
HM Revenue and Customs’ annual update of official Capital Gains Tax (CGT) statistics today revealed that in the 2023 to 2024 tax…
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CGT Receipts: why it’s premature to say the chancellor’s tax hike has backfired – analysis by Charles Stanley
Written by Rob Morgan, Chief Investment Analyst at Charles Stanley Recent data shows CGT receipts on a declining trend – from nearly…
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St. James’s Place outlines how Gift Inter Vivos (GIV) insurance can help to minimise IHT bills
With the Government confirming yesterday that pension savings will be brought inside the inheritance tax (IHT) net from April 2027, more people’s…
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Supreme Court judgment impacts on future tax and estate planning
Written by Sarah Ingram, Partner and Head of Family Law at Winckworth Sherwood The Supreme Court’s recent decision on Standish v Standish [2025] UKSC…
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No quick fixes for farm owners’ inheritance tax challenge, S&W warns
Draft legislation published yesterday has confirmed the government will push ahead with its changes to inheritance tax that put the future of…
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Revised IHT on pensions plans will still create complexity, confusion and additional costs for bereaved families
Despite an overwhelmingly critical response to its consultation, government will press ahead with plans to apply IHT to pensions (Source: Inheritance Tax on…
