Latest in Hit Inheritance Tax
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Inheritance tax reforms to hit business owners and farmers
Tax relief to be capped on assets worth more than £1mnWorld - Financial Times - 6 hours ago -
Farmers with assets over £1mn hit by inheritance tax reforms
Industry counters that Budget cap will hammer agricultural businesses that are asset-rich but cash-poorWorld - Financial Times - 6 hours ago -
Closure of UK inheritance tax ‘loophole’ to penalise estates of wealthy pensioners
Experts say big tax bills could result from Rachel Reeves’ move in the BudgetBusiness - Financial Times - 3 hours ago -
Inheritance tax increases expected in Budget
It is not known how many people are likely to end up paying more under the government's plan.Top stories - BBC News - October 17 -
Who has to pay inheritance tax?
Inheritance tax is again creating political debate so how does it work and who pays?Top stories - BBC News - October 18 -
Reeves looking at sweeping inheritance tax changes in Budget
UK chancellor considers extending ‘seven year rule’ on gift giving to 10 years among other reformsBusiness - Financial Times - October 18 -
UK Budget: Labour Party to Raise Taxes by 40 Billion Pounds
Rachel Reeves, the finance minister, announced substantial tax increases in her first budget as she sought to strengthen public finances and services.Business - The New York Times - 7 hours ago -
UK Budget as it happened: Rachel Reeves raises tax, spending and borrowing
Taxes rise as chancellor delivers the first Labour budget since 2010Business - Financial Times - 17 hours ago -
Autumn budget live: Rachel Reeves raises taxes by £40bn and increases spending on NHS and schools
Chancellor announces changes to employers’ national insurance contributions, inheritance tax, capital gains tax and other duties. Budget 2024: key points at a glance Full report: Reeves raises ...World - The Guardian - 7 hours ago -
UK inheritance tax raid would be ‘painful’ but not fatal for Aim, says LSE executive
Investors are nervous about potential abolition of business relief in this month’s BudgetWorld - Financial Times - October 18 -
Gambling stocks hit by fears of UK Budget tax grab
Ladbrokes owner Entain falls 8% while Flutter loses 6%World - Financial Times - October 14 -
For Entrepreneurs Hit by Hurricanes Helene and Milton, Tax Relief Is Here
The IRS extends its October 15 deadline for storm victims and reminds taxpayers about casualty loss deductions available.Business - Inc. - October 15 -
Trump tariffs: These states would be hit hardest by proposed import taxes
Donald Trump’s most controversial economic-policy proposal is to institute a 10% tariff on all products and materials imported from abroad, a move that would upend decades of U.S. trade policy and ...Business - MarketWatch - October 18 -
Growth hit by freeze on tax thresholds, says BoE official
‘Tax-bracket creep’ has hit middle earners hardest, warns Catherine Mann ahead of a likely Budget extensionBusiness - Financial Times - 6 days ago -
Luxury, defence and construction companies hit by French tax hike
Chief executives warn that Michel Barnier’s plan will reverse Emmanuel Macron’s business-friendly reformsBusiness - Financial Times - 3 days ago -
Warning 'pain' of tax hikes to hit jobs and pay rises
The chancellor says businesses will "contribute more" as she raises employer National Insurance to 15%.Top stories - BBC News - 8 hours ago -
UK’s rising fiscal burden narrows tax gap with Europe
Britain’s fiscal picture is closer to EU averages than it has been for decadesBusiness - Financial Times - 20 hours ago -
Inherited IRA rules are changing in 2025 — here's what beneficiaries need to know
If you have an inherited IRA, you may be subject to yearly withdrawals starting in 2025. Here's how to reduce your tax bill.Business - CNBC - October 17 -
Trump Flirts With the Ultimate Tax Cut: No Income Taxes at All
The former president has repeatedly praised a period in American history when there was no income tax, and the country relied on tariffs to fund the government.Business - The New York Times - 6 days ago -
Goodbye to low-tax Britain
One does not need to subscribe to hyperbolic Tory rhetoric to recognise that this Budget heralded a major shiftBusiness - Financial Times - 7 hours ago -
White Sox reportedly set to hire Will Venable as new manager: MLB veteran inherits team that set loss record
Venable most recently served as associate manager under Bruce Bochy with the Texas RangersSports - CBS Sports - 6 hours ago -
These two ‘low tax’ states are getting socked with fast-rising property taxes
Nationally, property taxes in major cities have gone up 30% since 2019, according to a new Redfin analysis.Business - MarketWatch - Yesterday -
Capital gains tax: a short history
Since its beginnings in 1965, many UK chancellors have sought to reform the levy as a means of spurring economic growthWorld - Financial Times - October 19 -
Business and wealthy bear brunt of £40bn tax increases in UK Budget
Markets unsettled by extent of government borrowing as Rachel Reeves boosts spendingBusiness - Financial Times - 6 hours ago -
Why it’s hard to box in the wealthy on tax
Budget measures and missed opportunities show difficulty of raising large sums from highly mobile executivesWorld - Financial Times - 7 hours ago -
‘This was a money grab’: My uncle took over the family business — and left my father out in the cold. Can I claim our inheritance?
“When my grandfather passed away, my uncle continued running the business and, at that point, he decided that my father would not receive any financial inheritance.”Business - MarketWatch - October 19 -
‘She did not even attend his funeral’: My friend married in secret and suddenly died. Does his widow inherit his $1 million home?
“His parents paid for the $50,000 down payment to the house when they purchased it 30 years ago.”Business - MarketWatch - 4 days ago -
Reeves signals business taxes will rise in Budget
Chancellor says companies understand government must make ‘difficult decisions’ to balance booksBusiness - Financial Times - October 14 -
Don’t bet on a taxing outcome for UK gambling companies
Fears that money would flow from the regulated sector has long deterred action against the industryBusiness - Financial Times - October 14 -
Flutter chief warns on US betting tax rises
FanDuel owner says punitive duties could push customers towards unlicensed operatorsBusiness - Financial Times - October 15 -
5 things to know about Harris and Trump on taxes
Tax policy is set to take center stage after the election, as major portions of the tax code are due to expire by the end of 2025. Key portions of former President Trump's Tax Cuts and Jobs Act — ...Politics - The Hill - October 15 -
Reeves eyeing £40bn in tax rises and spending cuts
Filling the £22bn financial "black hole" would only be enough “to keep public services" still, she told a meeting.Top stories - BBC News - October 16 -
Hong Kong slashes tax on spirits to boost nightlife
Chinese territory’s chief executive John Lee tries to turn around economy amid fall in tourism and consumptionBusiness - Financial Times - October 16