Inheritance Tax warning: Treasury to profit from thousands of Britons paying ‘stealth’ tax

  • 📰 Daily Express
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 68%

United Kingdom Headlines News

United Kingdom Latest News,United Kingdom Headlines

BRITISH families could be at risk of being hit with 40 percent Inheritance Tax charges, with thousands more projected to be impacted.

The number of people paying Inheritance Tax will more than double in the next five years compared to pre-pandemic levels, as nearly 50,000 people will be subject to the levy annually by 2026.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 26. in UK

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sunak left himself some wriggle room for pre-election tax cutsThere was just enough jam to surprise some opponents, but no fix for a long-term cost-of-living crunch, writes Anna Isaac Annaisaac Wriggle! Good word. wakeuptomoney
Source: The Independent - 🏆 80. / 59 Read more »

Tax to rise on ultra-long-haul flights, prompting fury from travel industry‘Halloween horror for long-haul travellers,’ says Board of Airline Representatives in the UK
Source: The Independent - 🏆 80. / 59 Read more »

Rishi Sunak offers spending now – and signals tax cuts laterAnalysis: Economic growth enables budget giveaways, but chancellor’s plans could go off course
Source: The Guardian - 🏆 84. / 53 Read more »

Plan to tax billionaires' assets SCRAPPED just hours after rolloutDemocrat Senator Ron Wyden introduced the tax proposal, which would levy fees onto unrealized gains for billionaires' financial assets like stocks and bonds, earlier today.
Source: Daily Mail Online - 🏆 135. / 51 Read more »

Elon Musk hits out at Democrats’ billionaire wealth tax proposalProposal to stop billionaires avoiding income tax could raise several hundred billion dollars
Source: The Independent - 🏆 80. / 59 Read more »

Why slashing tax on domestic flights sends a disastrous message about the climateNo government which cares about cutting emissions would further subsidise the most polluting form of transport, writes Alethea Warrington, campaigner at climate charity Possible
Source: The Independent - 🏆 80. / 59 Read more »