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  • Single or ad-hoc pension payments, or initial payments of regular pension income, are normally taxed on the ‘emergency month one basis’.

    Advisers urge removal of ‘emergency’ drawdown tax

  • HMRC released CGT data for 2020/21 this morning

    Capital Gains Tax payments leap 42% to £14.3bn

  • HMRC released the IHT data this morning

    Covid deaths fuel 17% rise in IHT-hit estates

  • HMRC said the changes would be minor and technical

    HMRC set to issue revised rules on LTA abolition

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