45% Of Gifters Unclear On Inheritance Tax Rules
More than half of people making large gifts of money or assets are unaware of inheritance tax rules that might apply to them. Research of 2,090 people conducted on behalf of HMRC found that only…
Stamp Duty Surcharge ‘Could Impact Couples’
A planned increase to Stamp Duty Land Tax (SDLT) for non-UK residents may affect certain couples planning to buy a home, the Association of Taxation Technicians (ATT) has warned. The proposed change, outlined in a…
Inheritance Tax Receipts To Double By 2030
Taxpayers in the UK are set to pay a total of £10 billion a year in inheritance tax by 2030, according to projections from Canada Life. The most recent data from the Office for National…
Over-50s Support Tax Break For Downsizing
Nearly three-quarters (73%) of people over 50 would support a stamp duty break for people who downsize their home, research from Saga shows. In a survey of 2,000 people, 25% of over 50s said they…