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HMRC inheritance tax alert for Brits who have gifted loved ones money
Inheritance tax receipts have soared to £5 billion in the seven months from April to October 2024, according to HMRC ...
HMRC inheritance tax warning on gifts made in the past seven years
Inheritance tax receipts are on the rise and experts have warned that gifting money to loved ones could have implications for Brits - and there are rules around how much can be given ...
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Tax Time and the Art World: Here’s What Artists and Collectors Can Deduct
On the most basic level, artists who may not earn much or any of their income from the sale of their artistic output need to prove to the IRS that they are professionals and not just dilettantes.