All the updated news related to inheritance tax

All the news related to inheritance tax updated in real time

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Scotland

Cost-of-living crisis could see more withdrawals from ‘Bank of Mum and Dad’

Turning to the “Bank of Mum and Dad” could become “more common” as the cost-of-living crisis mounts, an expert has said. Lawyer Grant Johnson said rising bills could mean that increasing numbers of parents “want – or need – to give their children ...

09 May 2022 at 01:55

Personal Finance

9.9% increase in taxes collected in 2022-23

Around £786.6 billion was collected in taxes in 2022-23, marking an increase of 9.9% from the year before, according to provisional HM Revenue & Customs (HMRC) figures. Income tax, capital gains tax and National Insurance (NI) contributions ...

25 Apr 2023 at 10:57

Downing Street ‘mulls scrapping inheritance tax as manifesto pledge’ – report

Downing Street is reportedly holding talks about scrapping inheritance tax as a manifesto offering in a bid to win the next election. The Times reported that No 10 was discussing whether to make abolishing the levy a commitment to shore up ...

14 Jul 2023 at 23:56

Inheritance tax ‘punitive’ and ‘unfair’, says minister as Sunak mulls change

Inheritance tax is “punitive” and “deeply unfair”, a Cabinet minister has said amid speculation Rishi Sunak is considering a cut to death duties. Downing Street sought to play down reports in the Sunday Times that the Prime Minister was ...

24 Sept 2023 at 10:38

Sunak reportedly considering inheritance tax cut

Rishi Sunak is reportedly considering a cut to inheritance tax as he seeks to woo voters ahead of the general election. Downing Street sought to play down speculation in the Sunday Times that the Prime Minister was drawing up plans to ...

23 Sept 2023 at 22:55

Spending cuts and tax rises feared if inheritance tax is scrapped – think tank

Even opponents of inheritance tax think scrapping it would lead to “unacceptable trade-offs”, a think tank has said. The Government is reportedly considering increasing the threshold at which estates pay inheritance tax as a ...

26 Sept 2023 at 00:01

Majority ‘against lowering inheritance tax threshold’ – poll

The majority of people oppose any reduction in the £1 million inheritance tax threshold, new polling commissioned by the Trades Union Congress (TUC) suggests. Only 20% advocate for a reduced tax, while the remainder, 60%, ...

28 Sept 2023 at 00:01

Sunak silent on inheritance tax cut speculation

Rishi Sunak has said there is always “plenty” of speculation about tax, amid suggestions that the Prime Minister is drawing up plans to slash death duties. The Prime Minister insisted that he would not be commenting, ...

25 Sept 2023 at 09:19

Abolishing inheritance tax is win-win which can boost economy – ex-minister

Abolishing inheritance tax would be a “win-win”, a Conservative former minister has said. During the third day of debate on the budget, Ranil Jayawardena, MP for North East Hampshire, said that Sweden’s abolition of ...

11 Mar 2024 at 22:03

Sunak to give update on state of the nation’s finances ahead of autumn statement

Rishi Sunak is expected to use a speech to paint a more positive picture of the economy ahead of the autumn statement, which Jeremy Hunt has signalled could be used to cut taxes for businesses. The Prime Minister ...

20 Nov 2023 at 10:57

Hunt warns of ‘difficult decisions’ on benefits but mulls inheritance tax cut

Chancellor Jeremy Hunt argued that he needs to take “difficult decisions” as he considers squeezing welfare payments by billions while slashing inheritance tax in a bid to appeal to more traditional Tory voters. ...

19 Nov 2023 at 09:19

Hunt warns of ‘difficult decisions’ on benefits as he mulls inheritance tax cut

Chancellor Jeremy Hunt said “difficult decisions to reform the welfare state” are needed as he considers squeezing benefits by billions while slashing inheritance tax. Mr Hunt indicated he could reduce levies ...

18 Nov 2023 at 18:46

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