When someone passes away, and leaves their belongings to others, an inheritance tax may apply. In a nutshell, inheritance tax is typically paid by the heirs or beneficiaries who receive the assets, as ...

Chancellor of the Exchequer Rachel Reeves ruled out a UK wealth tax, while also giving one of her strongest commitments yet to abide by campaign pledges not to raise the level of several key taxes.

LONDON, Oct 18 (Reuters) - British finance minister Rachel Reeves will increase the amount of money raised from inheritance tax at her Oct. 30 budget, the BBC reported on Friday without providing ...

Inheritance tax receipts have been on a one-way trajectory in recent years as rising asset values and frozen tax-free allowances leave families at the mercy of fiscal drag. Families have paid £3.7 ...

Inheritance tax is reportedly in the Labour Party and Chancellor Rachel Reeves' crosshairs ahead of the Autumn Budget.

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LONDON, June 14 (Reuters) - Private banks and advisers to Britain's super-rich say some clients may quit the country if Labour wins next month's general election and pushes ahead with plans to abolish ...

My Legacy umbrella group for charities says three percentage point cut in inheritance tax could treble legacy income from wills ...