Wealthy Britons risk leaving their loved ones with an unexpected tax bill after a new report revealed less than half are aware of the inheritance tax threshold.
Leaving a legacy donations is an effective way to do good as well as reduce the inheritance tax burden on your family, writes solicitor Lauren Killilea.
According to the Office for National Statistics, 400 Brits leave the UK every day to start a life on foreign shores, whether for work or retirement.
UK adults collectively inherited £75bn between 2008 and 2010, according to figures from the Office for National Statistics.
Less tax should mean higher returns for you and your beneficiaries.
If you hold assets offshore, a crackdown on tax evaders who use overseas havens to hide money could leave your loved ones open to the risk of receiving an unexpected tax bill on your death.
The tax benefits of writing life insurance in a trust have been widely publicised, but other assets can also benefit from this type of proetection.
The Treasury pocketed over £3.1bn in inheritance tax receipts in 2012-2013, an 8% increase compared to the previous tax year, Office for National Statistics figures show.
To celebrate Tax Freedom Day, follow these essential steps and make sure your tax arrangements are in the best possible shape.
The Government has rejected proposals to regulate the practice of will-writing, despite a 'compelling case' for it.
Bereaved families are being hit with inheritance tax bills totalling up to £177m due to the way life insurance policies are being paid out, data from HM Revenue & Customs show.
More families than ever are seeking advice on cutting their inheritance tax (IHT) bills as increasing numbers are falling into the tax net.
UK taxpayers will pay HM Revenue and Customs (HMRC) £4.6bn more than they need to this year, according to a report.
Follow these essential steps and make sure your tax arrangements are in the best possible shape before the end of the tax year.
The government is set to impose a £95,000 "stealth tax" on inheritance to help pay for care for the elderly.
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