Is inheritance tax too complicated?

The chancellor has requested a review of the “particularly complex” UK inheritance tax regime. What is it that makes inheritance tax so complicated? Chancellor Philip Hammond recently wrote to the independent Office of Tax Simplification (OTS) in order to call for a review of inheritance tax to make sure the system is “fit for purpose”. Official figures … Continue reading “Is inheritance tax too complicated?”

Is inheritance tax optional?

The amount of money the government receives through inheritance tax (IHT) is on the rise – despite the introduction of a new allowance in April. Rising property prices mean this tax does not just apply to the richest in society. But how punitive does it have to be? Government figures show that around £2.4bn was … Continue reading “Is inheritance tax optional?”

Climbing the inheritance tax ladder

It’s not just house prices that are rising every year. Also increasing is the number of people whose families will have to pay inheritance tax. Are you being drawn into the net without knowing it – and if you are, what can you do to protect your family from a hefty bill? Most people never … Continue reading “Climbing the inheritance tax ladder”