Changes to Britain’s centuries-old trust regime are looming as HMRC is concerned that trusts are letting some families pay less inheritance tax than those who do not pay accountants to set up the complex arrangements. To look at if the law should be changed, HMRC has published wide-ranging research of trusts to find out if […]
In this sponsored article taken from the latest edition of International Investment’s digital publication, Canada Life International’s Neil Jones sets out the case for IHT reform. Click here to read the article or click on the image below.
In this feature below we speak to a series of international advisory firms about their main tips when dealing inheritance tax issues in the UK and abroad. Click here to view or on the image below.
Old Mutual International has launched a tailored life trust in Singapore that will be able to provide a lump sum on death to pay a UK inheritance tax (IHT) bill. The new option is part of the Silk Life Plan that provides a flexible way to achieve a balance between access to capital and UK […]
Inheritance tax in the UK should be scrapped and replaced with a lifetime tax on gifts, according to a commission whose membership includes the Archbishop of Canterbury. Backed by economists, business leaders and trade unions, as well as Justin Welby, the Commission for Economic Justice warns that – a decade after the financial crash – […]
In this feature below Simon Martin, technical services manager at Utmost, sets out the current status of IHT in Britain. Click here or on the image below to read
The government collected £1.9bn in inheritance tax receipts in the first four months of the tax year, as thousands are believed to be missing out on tax breaks because of the complexity involved. Information provided to financial advice firm NFU Mutual under the Freedom of Information Act shows a mere 5,420 taxpaying estates successfully claimed […]
Old Mutual Wealth has set out proposed changes to the inheritance tax nil-rate band and residence nil-rate band (RNRB)laid out in an open letter to Chancellor Philip Hammond. Rachael Griffin, tax and financial planning expert at Quilter, said in the letter that there are numerous legacy clauses and exemptions causing “havoc and confusion” for those […]
In this feature taken from our latest ezine: II21 – Pedro Gonçalves explains that, while paying some IHT may be unavoidable, there is some choice as to how much needs to be paid Click here or on the icon below to view/read. To view/read the rest of the ezine including IHT tips from some of […]
International Investment’s latest ezine, a special report devoted to the issues surrounding IHT, is out today. Click here or on the image below to read the UK version of this special edition. In this IHT special report – our 21st edition by International Investment since our relaunch in 2016 – we look at the growing case for reform […]
International Investment’s latest ezine, a special report devoted to the issues surrounding IHT, is out now. In this special edition we look at the growing case for reform of IHT, and hear several voices from within the industry calling for an overhaul of the tax, arguing it has become too sweeping, overly burdensome and, for private […]
The latest official figures from HMRC reveal the British government received over £5bn in IHT receipts last year. Total IHT receipts have almost doubled since 2010-11, having risen by 10% year-on-year on average since 2009-10. The ongoing increase has been driven by rising asset values and the freezing of the nil-rate band since April 2009. […]