UK parliamentary group proposes ‘complete overhaul’ of IHT
It has the ‘magical ingredient’ of simplicity and could mean less avoidance
IHT
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Stop looking at succession planning just through prism of IHT
More can be gained by emphasising strategy and governance over tax
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IFAs still confused by nil rate band rules
Some are uncertain about tax penalties and what the limit is for gifts
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IFAs not sold on Office of Tax Simplification’s IHT proposals
Only 19% believe they will have a positive impact if introduced
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UK Labour Party vows radical pension and tax overhaul
As it promises significant changes to retirement age, IHT, CGT and income regimes
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IFAs say inheritance tax complexities hinder client interaction
As Sipp provider admits death benefits are top technical challenge for advisers
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Tax wish list for the wealth industry
Changes to IHT, stamp duty, property, trusts and pensions in private client space wanted
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Brits want IHT nil rate band doubled
Politically ‘it would certainly be seen as a positive step by the majority of people’
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Call to scrap pension tax-free cash will ‘damage confidence’
Backlash to think tank proposal axing 25% allowance to pay for abolition of inheritance tax
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Is an inheritance tax cut on the cards?
UK chancellor says ‘it’s something that’s on my mind’
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Three reasons why inheritance tax is becoming a ‘perfect storm’
Inheritance tax (IHT) divides opinion, because it creates the potential for a person’s wealth to be taxed twice; firstly as it accumulates through income and/or capital gains taxes, then again on death.
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UK inheritance tax take more than doubles in 9 years
As rising numbers of people get caught in the IHT net