Sea of tax changes? Why getting your ducks in a row on pensions is vital Opinion Inheritance tax changes may feel a long way away, but sooner is better when it comes to structuring your assets to pass on as much wealth as possible to your loved ones, says Duncan Bailey The Budget has given businesses and individuals much to consider with announcements made around spending, national insurance contributions for employers [...]
Jeremy Clarkson backpedals on previous claim he bought farm for tax reasons Economics Jeremy Clarkson has backpedalled on his previous comments about why he bought his farm, saying he thought it would be a “better PR story if I said I bought it to avoid paying tax”. The TV presenter and journalist defied doctors’ orders by joining thousands of farmers in London on Tuesday to protest against agricultural [...]
Autumn Budget 2024: Sweeping overhaul of inheritance tax regime revealed Economics Alongside the changes to pension pots, the Chancellor said she was changing the taxation of gifts passed on during someone's lifetime.
Autumn Budget: Chancellor Rachel Reeves preparing inheritance tax raid October 18, 2024 Currently there is a 40 per cent flat rate on inheritance tax which applies on any estate worth more than £325,000.
AIM chief: It will be painful, but we’ll survive Reeves’ tax raid October 17, 2024 While scrapping the inheritance tax relief on AIM shares would be "unnecessary and painful", London's junior market will survive if the change is implemented, the exchange's chief has said.
Autumn Budget: Which taxes will Rachel Reeves hike? October 22, 2024 With the Autumn Budget set to be delivered in just a few days, speculation about which taxes Chancellor Rachel Reeves will opt to raise has reached fever pitch. On entering No 11 Downing Street, Reeves commissioned the Treasury to conduct a thorough spending audit, which she claimed unearthed a “fiscal black hole” of £22bn, paving [...]
‘Broken’ inheritance tax ripe for reform at Budget, think tank says October 17, 2024 The government must reform the UK’s “broken inheritance tax system”, a respected think tank has urged, after fresh research found uncapped exemptions in the current framework means a quarter of estates worth over £10m pay a rate of just nine per cent. The Centre for Analysis of Taxation (CenTax) paper, published on Thursday, revealed the [...]
Introduce inheritance tax bands to make system fairer, think tank says October 14, 2024 Demos said these changes would support the government's objective of lowering the tax burden on working people while also making the system "more progressive".
Fears over capital gains tax hike push business owners to sell up October 11, 2024 The survey showed that 23 per cent of business owners who had fast-tracked their exists did so because they were worried about a capital gains hike.
Prepare to flee London’s AIM if Reeves mounts inheritance tax raid, bank warns October 10, 2024 Companies listed on London’s junior AIM market are being told to prepare to flee the exchange or announce emergency share buybacks amid fears that a punishing inheritance tax raid could trigger a sell-off, City AM has learned. In a letter seen by City AM, one investment bank has urged all of its AIM-listed clients to [...]