All news on the topic: Inheritance tax

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Robert Jenrick rules out inheritance tax cut under Reform UK
Robert Jenrick has ruled out abolishing inheritance tax if Reform UK wins the next General Election, telling GB News it was not his priority.
720
HMRC tax haul surges by £19.1billion as fiscal drag pulls workers into higher bands
HM Revenue and Customs (HMRC) is "drawing millions into paying more tax" under a stealth raid, experts warn.
746
Millionaires fear tax rises more than inflation, new survey finds
Higher taxes are now the biggest perceived threat to Britain’s millionaires, according to a new survey.
826
UK millionaire numbers fall to lowest level since 2008, think tank says
The number of millionaires in the UK has fallen to the lowest level since the financial crisis, according to new analysis.
900
Andy Burnham refuses to rule out inheritance tax changes to fund social care overhaul
Andy Burnham has refused to rule out levying a death tax to fund free social care for the elderly.
736
Jo Bamford threatens UK exit over Rachel Reeves inheritance tax raid
The heir to the multibillion-pound manufacturing empire, JCB, has threatened to leave Britain in response to Rachel Reeves’ raid on inheritance tax.
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Thousands of homeowners face mansion tax shock as automated valuations risk overpricing homes by £30,000
A version of the Valuation Office Agency (VOA)’s “automated valuation model" will be used in the assessment.
1071
Labour announces £2.5m inheritance tax relief threshold for agricultural and business assets
Labour will increase the inheritance tax relief threshold for farmers in a significant concession following backlash from rural communities.
851
Rachel Reeves considers introducing tax on sale of family homes
Rachel Reeves is formulating plans to impose capital gains tax on the sale of family homes, potentially impacting pensioners who wish to downsize, it has been revealed.
1109
Autumn of taxes: Britons face hikes over £50 billion budget gap
Brits are preparing for tax increases in the autumn after economic growth slowed in the spring, experts warned.
996
Severe HMRC warning to anyone who has gifted money to family
Generous Brits wishing to give money and belongings to loved ones before they pass away have been encouraged to familiarize themselves with the government’s inheritance tax (IHT) rules.
1001
Farmers protesting on tractors force Keir Starmer to cut short his visit to the construction site
Keir Starmer had to shorten a visit to promote his government’s housing policies as he was overwhelmed by noise from a nearby farmer’s protest.
768
Abolishing inheritance tax would be a 'win-win', says former Tory minsiter
The standard inheritance tax rate in the UK is 40% on estates valued over £325,000
961
Son 'driven to financial ruin' battling tycoon dad over £2.5million mansion
BC Softwear millionaire Michael Parker Is refusing to throw in the towel in a High Court battle with son Thomas Parker-Bowyer over a £2.5m seven-bedroom Bedfordshire mansion
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Rishi Sunak's family can still benefit from tax loophole worth up to £300m
Jeremy Hunt said he was scrapping non-dom tax loopholes in the Budget - but exemption from inheritance tax isn't part of the changes introduced today
1218
Jeremy Hunt's National Insurance, alcohol and fuel cuts a 'desperate act' - live
Sir Keir Starmer branded the budget 'the last desperate act of a party that has failed' - saying the Conservatives 'give with one hand and take even more with the other'
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Inheritance tax- how much can you legally give away and ways to avoid charges
Inheritance tax is normally paid when the value of your estate is above £325,000 - although there are cases where this can be higher, or nothing needs to be paid at all
779
Tory MPs beg Jeremy Hunt to abandon tax cuts that will only help the rich
More than 100 members of the One Nation group of Tory MPs have called on Jeremy Hunt to abandon cuts to inheritance tax and focus on childcare, stamp duty and first time buyers
881
Woman wins court row after brothers claimed she made mum cut them from £1m will
Rita Rea's three brothers claimed she had 'coerced' their mother into writing a will in 2015 that ensured her £1million London home would be given to her daughter only
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'My one-year-old son is set to inherit millions from in-laws – I feel worthless'
A man's told how his one-year-old son's future inheritance of millions from his in-laws has left him feeling 'worthless' with nothing to offer that can compare
996
Six ways to beat the taxman before April deadline - from pensions to savings
Laura Suter, director of personal finance at AJ Bell, has highlighted ten things you need to be aware of before the end of the current tax year, the last day of which is April 5
1080
Martin Lewis shares important date you must be aware if you've inherited money
On a recent episode of This Morning, Martin answered a question from a viewer named Rachel who was looking for guidance on how to manage the inheritance from the sale of their late parents' house
773
'My partner changed his will behind my back - I feel sick and betrayed'
A woman has been accused by her family of overreacting after she revealed she wanted to break up with her partner of 15 years because she discovered he had changed his will and left her nothing
850
Heiress sets up 'citizens group' to decide how she should give away £21m fortune
Marlene Englehorn, 31, has set up a citizens group to decide how to spend her £21.5million inheritance from grandmother Traudl Engelhorn-Vechiatto, who died in September 2022
1015
Rishi Sunak threatens to snatch Universal Credit cash to pay for tax cuts
The Prime Minister hinted that pre-election tax cut giveaways will be made on the back of 'difficult decisions to control welfare' which could mean benefit cuts for families