Speculation is mounting that the government may charge inheritance tax on pensions and extend the seven-year gifting rule. So ...

In this news update, we highlight legal developments in UK pensions from January 2025. This update covers: Investment news: Pensions ...

Inheritance is only taxed if the individual who died was residing in one of the five states aforementioned. If the heir lived in Pennsylvania but the deceased individual resided in North Carolina, ...

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 ...

She has been in the accounting, audit, and tax profession for more than ... What you should do first will depend on what form (or forms) your inheritance takes. For example, if you inherit cash ...

If there are inheritance tax forms to check, it wouldn't be a fixed fee, as it would likely take three to four hours of additional work and the total could be closer to £1,000. This will differ ...

An HMRC spokesman said: “We offer various forms of support for people who need help to pay inheritance tax, allowing them to reduce the interest they might have to pay, or avoid it altogether.” ...

Farmers in Northumberland have staged a demonstration against controversial plans for an agricultural inheritance tax. A tractor rally made its way through Morpeth towards County Hall, where ...

Farmers are also concerned about the impact of environmental policies Farmers have been holding a protest against changes to inheritance tax. A convoy of tractors travelled down the A1 in ...

Farmers have been holding a protest against changes to inheritance tax. A convoy of tractors travelled down the A1 in Northumberland before converging on County Hall in Morpeth. Those who took ...