'Give families more time to pay Inheritance Tax bills on pensions', Lords Committee urges Government
Families should be given at least 12 months to pay Inheritance Tax (IHT) once it starts being charged on pensions from April ...
In a welcome development, HMRC has changed both the proposed: Scope of the reforms: in particular, by excluding death-in-service benefits from an individual’s estate for IHT; and Process: by placing ...
Commentators have urged Rachel Reeves against the changes which could create an "administrative nightmare" for people "at ...
The government is facing criticism as it presses ahead with proposals to bring pensions into the scope of inheritance tax (IHT), despite alternative solutions being put forward. HM Revenue & Customs ...
Nearly 10,000 families have faced investigation into their inheritance tax (IHT) liabilities in the past three years, new figures show, as HMRC looks to clamp down on those underpaying. The taxman ...
HMRC have collected almost £0.8bn in the space of a month through inheritance tax (IHT) receipts - and the expectation is of this continuing to rise, as more families are pulled into scope for paying ...
Inheritance tax receipts were £200million higher than the same period last year.
Personal representatives will be able to direct pension administrators to withhold 50% of taxable death benefits in order to pay inheritance tax (IHT). Contained in the official Budget document, but ...
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