Is an inheritance tax cut on the cards?
UK chancellor says ‘it’s something that’s on my mind’
IHT
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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
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Majority of Brits baffled by IHT allowances
They believe they will inherit over £200,000 more than they will actually get
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Gone, but not forgotten (by HMRC)
Eight key questions for HNWIs and their advisers to ensure their tax affairs are in order
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What could IHT reform look like for high net worths?
Changes to inheritance tax have been speculated about, especially if the Labour Party gets into power
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UK taxman carried out over 5,500 IHT investigations last year
The tax is ‘infamous for being not only disliked, but complex and at times deeply unfair’
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Is an inheritance tax overhaul on the cards?
Some rules have not been changed since 1980s but danger Brexit could be too much of a distraction
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UK taxman collected record £5.4bn from IHT last year
Financial advice firm finds HMRC receipts have risen rapidly since 2014-15
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Top 3 inheritance tax queries from financial advisers
IHT is a complex issue for many wealthy clients but Canada Life is asked about these issues the most Click through the slides below for more information
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Surging IHT receipts leave British government clueless
There’s been a nearly 50% increase between February and March 2019
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Minority of Brits aware of inheritance rules
Financial planners and investment managers are urging people to make provisions