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.
Gains from exchange traded fund investments may be treated differently for tax purposes, depending on where the funds are domiciled.
Discretionary trusts offer flexibility in estate planning, but they don’t come particularly cheap. Could you set one up without professional help?
Freedom of information request reveals thousands are not taking advantage of residence nil rate band allowance
The Association of Accounting Technicians has called for several inheritance tax exemptions to be scrapped.
Workers above the state pension age should be subject to national insurance contributions, according to a respected think tank.
HMRC has bowed to pressure and taken down a website page which gave taxpayers incorrect information.
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.
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.