Posts Tagged ‘inheritance tax’

Threat of Divorce Among Their Children Putting Parents Off Inheritance Tax Planning

Tuesday, January 3rd, 2017

With divorce rates reaching peak season in January, a new study by Investec Wealth & Investment reveals that one in three (30%) parents are unwilling to provide financial help (more…)

20% jump in amount of Inheritance Tax saved on gifts made in final years of life

Saturday, February 27th, 2016

IHT ‘taper relief’ projected to be worth £35million this year, up from £25million in 2012/13

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Investment in SMEs continues to climb as more private investors attracted by Inheritance Tax reliefs

Monday, August 10th, 2015

Taxpayers are expected to reduce their Inheritance Tax bills by a record £565m this year by investing in unlisted companies*, according to Radius Equity, the provider of tax efficient private equity investments. (more…)

Autumn Statement wish list: Tax treatment for trusts to be simplified

Thursday, November 27th, 2014

The Government should look at simplifying the taxation of periodic and decennial charges on trusts in the upcoming Autumn Statement, believes Martin Peddie, partner at Menzies LLP: (more…)

deVere CEO slams plans to charge death taxes on the living

Tuesday, August 12th, 2014

“Shocking and outrageous,” is how the boss of one of the world’s largest independent financial advisory organisations describes plans being considered by the government for people to pay inheritance tax (IHT) whilst they are still alive. (more…)

More Families Are Being Hit By Inheritance Tax

Monday, July 7th, 2014

The Express reports that 50 percent more families are being hit by inheritance tax (IHT) due to the ongoing increases in house prices tipping many estates over the frozen IHT threshold. (more…)

Far Reaching Review of UK Tax by British Public

Tuesday, July 1st, 2014

A Citizens' Jury convened by Britain Thinks for PwC has set out recommendations for reforming the UK tax system. (more…)

Millions will be caught out by inheritance tax as property prices soar

Thursday, May 15th, 2014

House prices are on the rise and while it may mean a better return on investment for some, millions of prospective (more…)

UK and Ireland Have Highest Death Duties of all Major Economies

Monday, March 31st, 2014

• Inheritance taxes seen as discouraging wealth creation and scrapped by several major developed economies

• Conservative Party hint at reviving election promise to raise threshold to £1million

The UK and Ireland take the highest proportion of inheritance tax or estate tax of any major world economies (more…)

PM is right to pledge a reduction of the “most hated tax” threshold

Thursday, March 27th, 2014

David Cameron’s vow to revive the promise to raise the inheritance tax (IHT) threshold to £1m has been hailed as a “vote-winning vow,” by the boss of one of the world’s largest independent financial advisory organisations, because IHT is deemed “the most hated of all taxes.(more…)

IHT planning and investing will be hit by anti-avoidance measures

Thursday, March 21st, 2013

Comment on the effect of the budget on those who borrow to acquire assets by Mark Giddens, Partner of UHY Hacker Young.

Under the heading “Inheritance tax: limiting the deduction for liabilities”, the Chancellor has announced a number of measures that apparently “will only affect individuals entering into avoidance schemes involving debts to artificially reduce the value of an estate”. (more…)

How to cut your inheritance tax liabilities – despite government U-turn

Monday, February 11th, 2013

Millions of families will be hit by the coalition’s U-turn on its flagship pledge to reform the inheritance tax (IHT) system, but there’s no need to panic as there are still various ways to mitigate your IHT liabilities, say financial advisers. (more…)