Tag: IHT
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Will paying for family holidays trigger a tax bill? Practical tips for gifting and estate planning
Will paying for family holidays trigger a tax bill? Many families love sharing holidays, anniversaries, and special trips by paying for someone else’s travel and accommodation. But as you plan generous gifts, you might wonder: could this lead to a tax bill now or later? The short answer is: it depends on how you give…
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“Damage has been done”: Farming community reacts to rumours of an inheritance tax U-turn
Rising anxiety in the farming community The talk in farming circles has shifted from policy detail to real-world fear. Even before the budget is unveiled, rumours of an inheritance tax (IHT) tweak have rippled through rural communities. Last year’s reforms, which proposed a 20% IHT on estates over £1m, sparked mass protests and deep concern…
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‘Damage has been done’: Farming community responds to rumours of an inheritance tax U-turn
What the whispers say about the inheritance tax on farms As the budget looms more than six weeks away, speculation swirls around potential tweaks to the inheritance tax (IHT) reforms first unveiled last year. Reports from Whitehall have suggested the threshold for IHT could rise from £1 million to £5 million, with a staggering £10…