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Inheritance Tax: Rishi Sunak may target IHT and pensions in 'unjustified' Tax Day move | Personal Finance | Finance

| UPDATED: 22:27, Wed, Mar 17, 2021
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Inheritance tax nil-rate bands were frozen at existing levels until April 2026 in the recent Budget, however, with the Government’s Tax Day approaching, there may still be changes set to take place. Hot on the heels of the early March Budget, the Government is set to publish a range of tax consultations and calls for evidence on March 23. This is part of the specific tax administration day the Government has set aside this year, independent of the Budget announcements. ....

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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 UK: How Britons can eliminate a significant IHT bill - actions to take | Personal Finance | Finance

| UPDATED: 15:23, Wed, Jan 20, 2021
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Inheritance tax is payable on the estate of someone who has passed away, and is set at 40 percent above a particular threshold. Generally, this threshold is set at £325,000, but can vary dependent on a person’s circumstances. For those who are left behind with a tax bill to meet, the burden can often be significant, and many will be looking for ways to reduce, or even eliminate their tax liabilities. ....

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