Tax

Fifth of parents give children inheritance early

A total of £227 billion has been gifted, at an average of £32,920, in a bid to save on inheritance tax, according to research.

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ETF investors: don’t get caught out by the wrong domicile

Gains from exchange traded fund investments may be treated differently for tax purposes, depending on where the funds are domiciled.

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Could you consider a DIY route to manage your family wealth?

Discretionary trusts offer flexibility in estate planning, but they don’t come particularly cheap. Could you set one up without professional help?

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IHT receipts soar to £1.9 billion with many missing out on vital tax breaks

Freedom of information request reveals thousands are not taking advantage of residence nil rate band allowance

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Call for Aim shares to be stripped of inheritance tax break

The Association of Accounting Technicians has called for several inheritance tax exemptions to be scrapped.

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Should pensioners be taxed more to help the young?

Workers above the state pension age should be subject to national insurance contributions, according to a respected think tank. 

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Tax calculator error leads to HMRC apology

HMRC has bowed to pressure and taken down a website page which gave taxpayers incorrect information.

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Four ways to cut down your IHT bill

Nearly £5 billion of inheritance tax (IHT) was collected in 2016/17, more than double the £2.3 billion received by the taxman in 2009/10 when the current nil rate band of £325,000 was introduced.

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Emergency tax codes on pension withdrawals: Beware of higher charges

Over-55s planning to make an ad hoc withdrawal from their pension this year are being warned that they could be stung with an even heftier tax bill than they had expected.

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