Inheritance Tax

Article thumbnail: The challenges of changing times
Stefano Hatfield

Inheritance tax is a mess – over to you, Mr Hunt

It is not currently fit for purpose and penalises the 'working poor'

News

Jeremy Hunt says 'difficult decisions' needed on benefits as he hints at tax cuts

News

Will inheritance tax go down? Autumn Statement predictions

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Politics

Jeremy Hunt considering inheritance tax and stamp duty cuts which could be introduced this year

Property and Mortgages

How the over-50s are using equity release to avoid inheritance tax

Article thumbnail: File photo dated 12/09/18 of model houses on a pile of coins and bank notes. Turning to the "Bank of Mum and Dad" could become "more common" as the cost-of-living crisis mounts, an expert has said. Lawyer Grant Johnson said rising bills could mean that increasing numbers of parents "want or need to give their children money". Issue date: Monday May 9, 2022. PA Photo. But he warned those donating significant sums of cash to their offspring that this could "come at a cost" in terms of inheritance tax. While the so called Bank of Mum and Dad has more traditionally been linked with parents helping their adult offspring to get on the property ladder, Mr Johnson said rapidly increasing living costs, combined with the natural instinct of a parent to help, could see more people turn to this. See PA story SCOTLAND BankofMumandDad . Photo credit should read: Joe Giddens/PA Wire
Article thumbnail: File photo dated 12/09/18 of model houses on a pile of coins and bank notes. Turning to the "Bank of Mum and Dad" could become "more common" as the cost-of-living crisis mounts, an expert has said. Lawyer Grant Johnson said rising bills could mean that increasing numbers of parents "want or need to give their children money". Issue date: Monday May 9, 2022. PA Photo. But he warned those donating significant sums of cash to their offspring that this could "come at a cost" in terms of inheritance tax. While the so called Bank of Mum and Dad has more traditionally been linked with parents helping their adult offspring to get on the property ladder, Mr Johnson said rapidly increasing living costs, combined with the natural instinct of a parent to help, could see more people turn to this. See PA story SCOTLAND BankofMumandDad . Photo credit should read: Joe Giddens/PA Wire
Article thumbnail: File photo dated 12/09/2018 of model houses on a pile of coins and bank notes. Landlords selling up will typically make around ?10,500 less than they would have done had they sold in 2022, analysis suggests. Issue date: Monday August 14, 2023. PA Photo. So far this year, the average landlord in England and Wales has sold their buy-to-let for ?94,800 more than they initially paid for the property, having owned it for an average of 11 years, according to estate agent Hamptons. See PA story MONEY Sales. Photo credit should read: Joe Giddens/PA Wire
Article thumbnail: File photo dated 12/09/2018 of model houses on a pile of coins and bank notes. Landlords selling up will typically make around ?10,500 less than they would have done had they sold in 2022, analysis suggests. Issue date: Monday August 14, 2023. PA Photo. So far this year, the average landlord in England and Wales has sold their buy-to-let for ?94,800 more than they initially paid for the property, having owned it for an average of 11 years, according to estate agent Hamptons. See PA story MONEY Sales. Photo credit should read: Joe Giddens/PA Wire
Article thumbnail: The seven-year rule can help you minimise your inheritance tax bill (Photo: Dominic Lipinski/PA Wire)
Article thumbnail: The seven-year rule can help you minimise your inheritance tax bill (Photo: Dominic Lipinski/PA Wire)
Article thumbnail: EMBARGOED TO 0001 FRIDAY APRIL 28 File photo dated 12/09/18 of Model houses on a pile of coins and bank notes, as the average rent being asked outside London has reached a new record high of ?1,190 per month, according to a property website. PA Photo. Issue date: Friday April 28, 2023. Rightmove, which released the figures, said asking rents across Britain outside of London have been rising every quarter since the end of 2019. See PA story MONEY Rent. Photo credit should read: Joe Giddens/PA Wire
Article thumbnail: EMBARGOED TO 0001 FRIDAY APRIL 28 File photo dated 12/09/18 of Model houses on a pile of coins and bank notes, as the average rent being asked outside London has reached a new record high of ?1,190 per month, according to a property website. PA Photo. Issue date: Friday April 28, 2023. Rightmove, which released the figures, said asking rents across Britain outside of London have been rising every quarter since the end of 2019. See PA story MONEY Rent. Photo credit should read: Joe Giddens/PA Wire