A UK charity has warned that new Inheritance Tax (IHT) changes which took effect on 6 April 2017 are likely to inadvertently reduce the number of Britons who choose to leave money to charities in their Wills.
Britons ‘confused’ about Inheritance Tax liability ahead of RNRB changes
An investment watchdog has raised concerns that Inheritance Tax (IHT) changes due to take effect next month may have left Britons ‘confused’ about their IHT liability.
Government charge Inheritance Tax on half of all shares
Nearly half of all inherited shares are subject to Inheritance Tax (IHT), a new study has revealed.
The figures, published by HM Revenue & Customs (HMRC), show that the Government taxed some £5.8 billion worth of shares in 2016.
Chancellor chooses not to explore further IHT changes
The Chancellor this week resisted calls to make further changes to the UK’s controversial Inheritance Tax (IHT) regime.
Government to press ahead with probate fee hikes in May 2017
The Government has confirmed that it will press ahead with a new probate fee system due to take effect in May 2017, which could see fees for some estates increase by almost £20,000.