Positive market conditions coupled with the frozen nil-rate band have helped to significantly increase government inheritance tax (IHT) receipts this year but clients are still largely unaware of ways to limit liabilities, according to advisers.
Figures from HM Revenue & Customs (HMRC) showed IHT income surged by more than 20% in the first four months of the tax year with almost £2bn being taken from people's estates between April and July. ...
Smoking biggest culprit; obesity second
Average earner will gain £840 in 2018
Will also move heritage items
Responding to letter from Treasury Committee chair Nicky Morgan