IHT receipts leap as experts warn
Inheritance tax paid to the UK Government jumped by nearly 10% in the last year, as the amount levied from estates reached £3.4bn.
IHT
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UK to waste 500m on inefficient IHT planning
More than half a billion pounds is set to be wasted this year in inheritance tax as individuals fail to place their life protection policies “under trust”.
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ioma restructures intermediary sales team
IOMA has expanded its sales function to enable access to a wider range of products across life, pensions and investments.
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Skandia praises HMRC for preventing IHT
Skandia has said that while HM Revenue & Customs prevented a mass headache by leaving existing trusts out of its proposed reforms to the calculation of inheritance tax, it will create thousands of new demands for financial advice.
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HMRC accused of assault on trusts
A leading tax specialist has described recent proposals by HM Revenue & Customs to crack down on inheritance tax avoidance as the latest in a series of assaults which may lead to the ultimate demise of trusts.
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HMRC trust proposals target IHT avoidance
HM Revenue & Customs has proposed a limit to the amount an individual can transfer into a series of trusts tax free, in its latest attempt to crack down on the use of multiple trusts to avoid inheritance tax (IHT).
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IOMA launches estate planning product
IOMA has broadened its product range with the introduction of an estate planning tool designed to regulate the distribution of client wealth to child beneficiaries.
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could a family investment company cut your clients
Trusts are the standard way to pass down family wealth to future generations. But recent tax changes mean that family investment companies may offer a more tax-efficient option, says Grant Thornton’s Emma Hunt.
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care cost confusion causes
Over a third of people in the UK aged over 65 are failing to plan their inheritance because they feel care costs will leave them with nothing to pass on.
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ten of the most expensive countries for iht
Following on from international accountancy firm UHYs news that Ireland and the UK are the two most expensive countries in the world for IHT, we take a look at some other expensive jurisdictions…
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uk and ireland levy highest rates of iht in
The UK and Ireland levy the highest rates of inheritance tax in the world, with rates many times higher than the global average, according to a recent study.
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only a brave man would bet on
Financial experts reacted positively to David Camerons proposed reform to the inheritance tax (IHT) threshold but doubted the reality of its implementation.