2020/21 inheritance tax bill hits £5.33bn

HMRC collected £5.33bn from inheritance tax in the 2020/21 tax year, a rise from £5.12bn in 2019/20.

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Treasury to cut IHT red tape in Tax Day overhaul

The Treasury has published over 30 tax updates, consultations and documents, today on what has been dubbed Tax-Day - including plans to tighten tax rules on second properties and simplify inheritance tax red tape.

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4 in 10 adults plan 'significant' lifetime gifts

One in four (25%) of UK adults plan to give their assets away while they are still alive, according to a new survey.

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Experts welcome Supreme Court pensions IHT judgment

Industry experts have welcomed a Supreme Court judgment today on the long-running Stavely case which found that there was no IHT liability when a pension transfer was made for reasons of ill health.

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