Brits urged to update IHT plans to include soaring house prices
‘More estates are being dragged above the tax-free inheritance threshold of £325,000’
IHT
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Autumn Budget 2021: well… alcohol got cheaper
Sunak’s third statement this year was good news for baby boomers at least
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Time to stop calling for a wealth tax?
Even though 30 millionaires have recommended the chancellor introduce one
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Should pensions be liable for IHT?
One industry expert warns changing the rules would be ‘particularly harsh and unjustified’
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HMRC opened 3,600 IHT investigations last year
Generating an extra £254m in tax revenue over the 12 months
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IHT receipts surge 29%
Budget rumour mill has ‘begun and questions surrounding inheritance changes are beginning to form’
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74% of Brits have done nothing to reduce future IHT bill
There is ‘a huge opportunity for further education and guidance’ on inheritance tax planning
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IHT refunds as property prices fall
Families can reclaim tax if value decreases between date of death and sale
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IHT bills exceed £6bn for first time
‘Inheritance tax is becoming ever-more lucrative for HMRC’
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Financial planning fail sees Brits pay £280m in extra IHT
Estates could have avoided the tax bill if they had put life insurance policies into a trust
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How wealth firms can tackle the next-gen client conundrum
Substantial business could walk out of the door if relationships are not built early enough
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The importance of understanding domicile
Novia Global’s Paul Forman breaks down this complex area of financial planning