The TelegraphHow family heirlooms can reduce your inheritance tax billThe Telegraph - Clarissa LeviWith inheritance tax revenues at a record £7bn high, families are doing everything they can to avoid the punitive 40pc charge. If an estate is worth more than the nil-rate band of £325,000, then any value above this will be subject to death duties. An estate includes property, cash and personal …
The TelegraphBritain’s most unjust tax – Telegraph readers deliver their verdictThe Telegraph - Tara ThorpeThe Telegraph’s campaign to scrap inheritance tax has widely been backed by MPs and readers alike, as pressure piles on Prime Minister Rishi Sunak to scrap the divisive duty. However, the focus on death duty has left some urging for other controversial levies to not be forgotten. Namely, stamp …
The Telegraph‘Tax loopholes are the result of government incompetence – I should know, I was responsible for one’The Telegraph - Mike WarburtonEmail your tax questions to Mike via email: taxhacks@telegraph.co.uk Exploiting tax loopholes is an emotive issue. Some readers will say that we are entitled to use legal means to reduce our tax bills. Others may believe that in doing so we deprive the Government of funds to pay for vital public …
The TelegraphSurge in families giving away wealth to avoid ‘fiendishly complicated’ taxThe Telegraph - Lauren AlmeidaA rising number of families are strategically giving away their wealth before they die to avoid paying inheritance tax under the Conservatives. An individual can make gifts of unlimited value which become exempt from inheritance tax if they survive for a further seven years, known as a “potentially …
The TelegraphHMRC cracks down on ‘day counting’ super richThe Telegraph - James Fitzgerald,The taxman is cracking down on super rich “day counters” suspected of staying too long in the country during the pandemic. HM Revenue and Customs has sent letters to around 5,000 people who may have broken strict “statutory residence tests” during the coronavirus outbreak, The Telegraph can …
The TelegraphThis Mediterranean country offers an EU passport and low tax rates – but it won’t come cheapThe Telegraph - Noah EastwoodMalta has overtaken Spain to become the third most popular location for wealthy Britons looking to fast-track their way to EU citizenship, according to a migration consultancy firm. Expats have been flocking to the so-called “Jewel of the Mediterranean”, attracted by its residency and citizenship by …