Autumn Statement 2024 – tax policy announcements
31 October 2024
The key changes in the Autumn Statement are listed below.
News & Insights
Filter: Personal
The Trust Registration Service and the Trust Register
21 July 2022
HMRC's Trust Register has now been extended and requires virtually all trusts to register on its service before…
Drastic changes to stamp duty land tax reliefs on the horizon?
20 January 2022
HMRC have opened a consultation regarding possible important changes to stamp duty land tax (SDLT).
When is an annexe not a dwelling?
11 June 2021
In the recent case of Mobey and another v HMRC, the taxpayers failed in their claim for multiple dwellings…
Budget summary - March 2021
3 March 2021
The Chancellor has today announced the 2021 Budget which included a number of announcements which may affect…
Summer Statement 2020 – Stamp Duty Land Tax changes
8 July 2020
As part of a number of measures to alleviate the impact of coronavirus on the economy, the Chancellor has…
Have your inherited shares collapsed? Lawyers say you should claim back “overpaid” IHT
30 March 2020
Heirs could end up paying IHT on near-peak values
DIY probates most at risk of forgetting to claim back…
Spring Budget 2020 – summary of Private Client measures
12 March 2020
The Spring Budget, delivered by the Chancellor on Wednesday 11 March, was comparatively restrained. However,…
Taxman clamps down on Inheritance Tax property dodges (The Times 12 October 2019)
12 October 2019
Rupert Wilkinson has been featured in The Times commenting on HMRC's on inheritance tax property…
Inheritance tax: what does the future hold? (FT 11 July 2019)
11 July 2019
Rupert Wilkinson has been featured in the Financial Times commenting on the proposed reforms to Inheritance…
The Office of Tax Simplification has today made recommendations in relation to inheritance tax
5 July 2019
Summary of Recommendations:
Key area 1: Lifetime gifts
Gift exemptions package The government should, as a…Recent changes to property tax
11 June 2019
The taxation of UK property has changed significantly over the last few years. The government's objective has…
Power of attorney confusion leaves vulnerable cut off (Telegraph 27 April 2019)
27 April 2019
Alison Morris has been featured in The Telegraph commenting on the confusion over complex power of attorney…
Inheritance Tax - Under Review
23 November 2018
The Office of Tax Simplification (OTS) has today published the first of two reports setting out its findings…
Business Property Relief update on furnished holiday lets
4 September 2018
Wilsons Associate and member of our Tax & Trusts team, Jessica Broxup, provides the latest on business…
Now 18,700 £1m+ earners in the UK with 36% concentrated in London
19 August 2018
The number of individuals earning over £1m that are in the UK has risen to 18,700 in the last year*, up from…
Top 3 ways to cut your inheritance tax (Moneywise 17 August 2018)
17 August 2018
Tim Fullerlove has been featured in Moneywise commenting on 3 ways to cut inheritance tax bills.
Tim comments:…
Understanding inheritance tax bill rules (Times 17 August 2018)
17 August 2018
Alison Morris has been featured in The Times commenting on the complexity of following inheritance tax rules…
Sharp fall in number of non-domiciled a worrying sign – average tax paid per non-dom now over £100k
26 July 2018
Commenting on today’s HMRC statistics on non-domiciled taxpayers, which showed a 23% fall in non-doms paying…
SFE publish white paper report on the incapacity crisis
11 July 2018
Solicitors For The Elderly (SFE) have released a survey "The incapacity crisis – a nation unprepared" to…
Is it time to reform inheritance tax? (FT 27 April 2018)
27 April 2018
Alison Morris has been featured in The Financial Times commenting on inheritance tax.
Alison comments:…
The big inheritance tax perk you can easily miss (Times 17 April 2018)
17 April 2018
Alison Morris has been featured in The Times commenting on inheritance tax.
Alison comments: "The revenue…
IHT reaches ‘record high’ £5.3bn in 2017/18 (PP Wealth 27 March 2018)
27 March 2018
Torsten White has been featured on PP Wealth commenting on inheritance tax.
Torsten comments: "With the…
Inheritance tax payments hit new record high (Money Observer 27 March 2018)
27 March 2018
Torsten White has been featured in the Money Observer commenting on inheritance tax.
Torsten comments:…
The requirement to correct
7 February 2018
Legislation was introduced in the Finance (No.2) Act 2017 requiring those with undeclared offshore tax…
Hundreds facing surprise inheritance tax bombshell (Times 3 February 2018)
3 February 2018
Rupert Wilkinson has been featured in The Times commenting on unexpected inheritance tax bills.
Rupert…
Beneficiaries hit by £111m IHT bill for ‘gifts gone wrong’
25 January 2018
Beneficiaries were hit by an extra £111m in Inheritance Tax bills last year, after HMRC picked on technical…
Record IHT tax take breaks £5bn barrier for the first time
21 June 2017
A record-breaking £5.1bn has been collected by HMRC through Inheritance Tax (IHT) receipts in the last year*,…
Number of individuals worth over £1m more than doubles since 2001
7 October 2016
The number of individuals in the UK with assets worth over £1m has more than doubled since 2001, says Wilsons.
HMRC inheritance tax take hits £4.7bn all-time high as ‘Middle England’ bears brunt
15 August 2016
HMRC’s income from Inheritance Tax has hit a record £4.7bn in the last year* as more and more ‘Middle England’…
The Residential Nil Rate Band
24 May 2016
Under the current Inheritance Tax regime, on death the first £325,000 of each individual's net estate is taxed…
HMRC Inheritance Tax take jumps 21% to a record-high £4.6 billion in a single year
23 March 2016
Inheritance tax (IHT) receipts taken by HM Revenue and Customs (HMRC) jumped to a record-high £4.6 billion in…
