Thousands face an inheritance tax crackdown as HMRC suspects underpayments worth £325 million. The figure, known as 'tax ...

In most cases, Americans will not have to pay taxes on their inheritance. However, Pennsylvania, New Jersey, Nebraska, ...

Under the current scheme, you can give away as much money as you like, inheritance-tax free, as long as you live seven years ...

As the government seeks to raise an extra £2 billion through IHT increases, a crackdown by HMRC on underpayment is expected to escalate.

If a taxpayer misses the filing deadline, the IRS may impose significant penalties (up to 25% of the amount of the foreign gift or inheritance received).

Inheritance tax receipts have surged to £6.3 billion in just eight months, prompting Britons to plan effectively for ...