Sep 2022

Confused on claiming residence band relief?

19th Sep 2022

Working through inheritance tax (IHT) requirements come at a difficult time. The provisions of the residence nil rate band (RNRB), which can be passed on between deceased spouses and civil partners, has caused some confusion. Any unused RNRB from the first death of a spouse or partner can be relieved on the death of the … More Confused on claiming residence band relief?

Inheritance tax receipts double in a decade

2nd Sep 2022

New data from HMRC show the Treasury’s inheritance tax (IHT) receipts have doubled since 2012/13. Source: HMRC. Of all the various taxes levied in the UK, IHT is one of the most peculiar: For a start, its name is misleading. In other countries that levy inheritance taxes, the tax is usually based on the inheritor … More Inheritance tax receipts double in a decade