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HMRC claws back extra £246m in underpaid inheritance tax last year as it ramps up investigations
The increase is part of HMRC's aims to increase revenue from underreported and misvalued estates.
As the remit of inheritance tax is set to cover farms and businesses this year, HMRC are expected to crack down on incorrectly paid taxes ...
Inheritance tax is charged at 40% on estates worth more than £325,000, known as the nil-rate band. If your home is left to a ...
The biggest inheritance tax advantages comes from a simple seven-year rule. According to the government, if the person ...
The number of investigations into underpaid Inheritance Tax (IHT) rose from 3,793 to 3,977 over the course of last year*, ...
Thousands of grieving families have reclaimed an average of more than £50,000 in inheritance tax after falling house prices meant they overpaid the taxman.
Bereavements are always difficult to deal with but even more so when they are accompanied by excessive bureaucracy and ...
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HMRC recovers £246m after latest inheritance tax investigations: 'Even modest households are owing'
HM Revenue and Customs (HMRC) recovered an additional £246million in unpaid inheritance tax during the last financial year as enforcement activity increased across the UK. The number of inheritance ...
A growing numbers of families are being pulled into the inheritance tax net as thresholds remain frozen at £325,000.
HM Revenue & Customs (HMRC) has begun sending out so-called ‘nudge’ letters to professional advisers and tax agents who have ...
More families are setting up trusts to avoid paying inheritance tax, figures from HMRC suggest.
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