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Rachel Reeves could hike Inheritance Tax
Couples face cut to largest inheritance tax exemption in Reeves’s Budget
“CenTax’s proposal suggests it would affect approximately 100 deaths a year and would bring in a maximum of just £350mn in revenue – which would be just a drop in the ocean. Inheritance tax is already complex enough, and adding yet another rule for such minimal gain seems nonsensical.”
What is inheritance tax and what changes could Rachel Reeves make to it in the autumn Budget?
The chancellor may be forced to increase taxes to reduce the shortfall in government spending and pay for public services
Rachel Reeves could hike Inheritance Tax despite massive £4.3 billion windfall
The Treasury has raked in a record £2.2 billion in inheritance tax receipts in the past three months, official figures show.
IFA Magazine
23h
Three good reasons why Rachel Reeves is unlikely to cut inheritance tax relief on AIM shares | AJ Bell’s Khalaf explains
The potential abolition of inheritance tax relief on AIM shares is one of the countless rumours swirling around ahead of ...
7h
Couples face £15bn hit in feared inheritance tax raid
Rachel Reeves could restrict a popular relief that couples use to protect £15bn of wealth from the taxman each year, experts ...
GB News on MSN
4h
Inheritance tax warning: Rachel Reeves to consider reducing spousal exemption in £15bn tax raid against couples
Couple are warned their inheritance tax spousal exemption could be under review as Chancellor Rachel Reeves aims to close the ...
1h
on MSN
Budget 2024 latest: Local mayors fear bus, train, and tram funding cuts as Reeves ‘plots Amazon tax’
Rachel Reeves will announce Labour’s first Budget since coming into power on 30 October, leading one of the most anticipated ...
1d
Map reveals 10 countries rich Brits are fleeing to before Rachel Reeves grabs their money
There are concerns over a hike in inheritance and capital gains tax that are expected to be announced in Rachel Reeves' ...
1d
on MSN
Reeves rakes in record £2.2bn from ‘death tax’
The Chancellor raked in a record £2.2bn in inheritance tax receipts in the three months to September, ahead of an ...
5d
on MSN
Reeves warned inheritance tax hike would punish middle classes as Budget backlash intensifies
The duty routinely tops surveys of the most hated tax despite the limited number of people it affects – just 4 per cent ...
4d
Reeves 'will tax businesses' and Hoy reveals terminal diagnosis
Reeves' Budget plans are in the spotlight for many Sunday papers, while Liam Payne's death continues to draw the attention of ...
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