IHT receipts on the rise HMRC reported collecting £5.7bn in IHT this year between April and November, which is a £500m increase from the same period last year. It’s thought this is due to frozen thresholds pushed more estates into paying the tax. With NI,...
Call to consult with family businesses Neil Davy of Family Business UK (FBUK) has today written a letter co-signed by 32 trade associations, representing 16,000 family businesses, to Rachel Reeves regarding the changes to Business Property Relief (BPR) announced in...
Rachel Reeves budget had several big changes of tax rules that affected all businesses, including rises in National Insurance contributions, inheritance tax reliefs on Business Property and capital Gains Tax. But the question is how do those changes affect the...
Will the Inheritance tax reforms in the budget affect pensions in probate? HMRC released the following on their site on 30th Oct ‘Autumn Budget 2024: the government announced several measures to reform Inheritance Tax. This included a measure to bring most...
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