A Labour MP has broken ranks and slammed his own party for imposing inheritance tax on previously exempt farmers in an ...

HMRC believes wealthy taxpayers underpaid inheritance tax by £325m in the last year - prompting plans for a major crackdown ...

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).

US citizens residing in Europe must consider the potential for estate and inheritance tax exposure by both the European ...

In a field in southwest England where his dairy cows graze, Adam Stanbury said he feared the government's new farm tax, ...

Unless the inheritance is very large, you won't owe tax on money you inherit. However, other inherited assets—such as securities, retirement accounts, or real estate—can have tax implications.

UP to 400 tractors are expected to take part in a procession in Enniskillen over changes to inheritance tax thresholds for farmers. Tractor rallies are being organised by the Ulster Farmers' Union ...

It also extended the freeze on inheritance tax thresholds until 2030. As a result, the £325,000 tax-free allowance remains unchanged, despite years of house price growth pushing many estates over ...

THE leader of North Yorkshire Council has urged the Chancellor to rethink planned inheritance tax changes on farms, saying the industry should be supported, not given fresh challenges. In a letter ...

She also said the freeze on IHT thresholds would be extended until 2030, meaning the £325,000 tax-free allowance remains unchanged, despite years of house price growth pushing many estates over ...