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 number of investigations into underpaid Inheritance Tax (IHT) rose from 3,793 to 3,977 over the course of last year*, netting HM Revenue & Customs an ...
The biggest inheritance tax advantages comes from a simple seven-year rule. According to the government, if the person ...
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 unfeeling regulation. To dispose of a deceased’s estate requires the ...
A growing numbers of families are being pulled into the inheritance tax net as thresholds remain frozen at £325,000.
HMRC embarked on almost 4,000 probes into unpaid inheritance tax in the year to last April, new figures show, in an increasingly tough crackdown on families it thinks have tried to evade their full bi ...
HM Revenue & Customs (HMRC) has begun sending out so-called ‘nudge’ letters to professional advisers and tax agents who have ...