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Inheritance Tax: Britons could reclaim thousands amid tax freeze - overpaid tax rules | Personal Finance | Finance

| UPDATED: 22:07, Mon, Mar 8, 2021
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The Chancellor of the Exchequer Rishi Sunak has frozen a number of tax-free allowances for five years, with this move set to result in HMRC collecting an extra £985million in Inheritance Tax specifically. ....

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Inheritance tax: High Court case shows it's 'important' to have a will and probate plan

| UPDATED: 21:30, Fri, Mar 5, 2021
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Inheritance tax (IHT) is levied on the estate of someone who has died and is passing on their assets, so long as their estate is valued at over £325,000. Valuing and managing an estate can be complex and as such, families can hire professionals to manage the estate on their behalf through the probate system. ....

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Inheritance Tax could cause issues for Britons as reliance on inheritance soars | Personal Finance | Finance

| UPDATED: 14:03, Tue, Mar 2, 2021
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Inheritance tax is charged on a particular proportion of a person’s estate when they eventually pass away. It is likely to be the responsibility of those left behind to deal with the costs of the levy before they are able to receive an inheritance. But with an inheritance windfall being increasingly relied upon by many, Inheritance Tax and its rumoured changes, could present an issue. ....

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Inheritance Tax reclaims reach six-year peak - threshold and rate on HMRC levy explained | Personal Finance | Finance

INHERITANCE TAX is a levy on the estate - meaning the property, money, and possessions - of a person who has died. It s not something which will always apply, and in the cases that it does, some may be able to submit a reclaim. ....

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Money Talk: How does Inheritance Tax work? Experts answer IHT threshold questions | Personal Finance | Finance

| UPDATED: 21:54, Wed, Feb 17, 2021
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Recently, John wrote to Express Money after the sad loss of his father. In the first instalment of Money Talk, Julia Rosenbloom, tax partner at Smith & Williamson, and Carole Benn of Carole Benn Wealth Management Ltd (part of St. James s Place Wealth Management) shared their expertise and gave their suggestions for John, following his Inheritance Tax question. ....

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