Chancellor Rachel Reeves is being urged to abolish the £175,000 residence nil-rate band in the Budget and other changes are ...

The seven-year rule, a key mechanism in the UK inheritance tax (IHT) system, is under scrutiny amid speculation that the ...

Rachel Reeves has directly dismissed speculation that the government would scrap the inheritance tax seven-year rule.

Wealthy Britons are rushing to gift money to family members amid growing fears that Labour's Rachel Reeves could tighten ...

HMRC collected £6.3 billion in inheritance tax during the first nine months of the tax year – £600 million more than the same ...

The Wonderful Company announced its commitment Wednesday of $10 million to wildfire relief efforts in Los Angeles ... including now this generous gift from The Wonderful Company,” said Liz Lin, ...

Explain how pension contributions qualify for tax relief Explain how carry forward of unused annual allowances works Explain what the “chargeable amount” means in the context of the annual ...

The decision reinforces the principle that genuine cash gifts from immediate family members, backed by verifiable evidence, are not taxable under the Income Tax Act. This ruling serves as a precedent ...

Individuals and businesses affected by the ravaging wildfires in southern California will receive tax relief, the IRS said. For those who live or own a business in Los Angeles County, or the area ...

“Our reform to Agricultural and Business Property Relief will mean farmers will pay a reduced inheritance tax rate of 20%, rather than the standard 40% for other businesses, and payments can be ...

It comes after major farmers’ protests at Reeves’s decision to increase their inheritance tax bills with reforms to agricultural property relief. The Government said its commitment to ...