The changes to personal tax thresholds – tax rates were frozen in 2022 and are set to expire in 2028-29 – are expected to bring 4.2 million additional taxpayers into the income tax bracket, and shift ...

The Supreme Court has ruled a retired banker who gave his wife nearly £80m to avoid paying inheritance tax, will not have to ...

As Interior Minister, Diplomatic Security Service extradites first Ghanaian internet fraud suspect The United States ...

The reason why Prince Harry received a monumental £7 million inheritance gift from the late Queen Mother from beyond the ...

Premiums for whole of life insurance can run to £5,000 a month to cover a £300,000 inheritance tax bill, with policies ...

When death strikes, it not only robs families of their loved ones but – as seen in many cases – ignites disputes over wealth.

Additionally, the Enforcement of Women’s Property Rights Act (2020) was passed to facilitate women in reclaiming their inheritance.

Britons owed a record £5.76bn in inheritance tax in 2020-21. This was driven by increased mortality during the pandemic and a freezing of the threshold at which inheritance tax applies.

Forecasts show that 47,000 estates will face an inheritance tax bill in 2027, up from 29,000 in 2020-21, a 60pc rise in just seven years.

Just 3.73% of UK deaths resulted in an inheritance tax (IHT) charge for the tax year 2020 to 2021. After reports from the Sunday Times that Rishi Sunak is considering controversial plans to slash ...

Britons owed a record £5.76bn in inheritance tax in 2020-21, driven by a sharp increase in the number of estates paying the levy as the death rate climbed during the Covid-19 pandemic. Figures ...

Now, those who inherited an IRA since the beginning of 2020 and thereafter have 10 years to withdraw the assets — however or whenever they’d like — or face taxation of the money all at once.