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Business Tax  •  IHT  •  Personal tax  •  Probate and Inheritance Tax  •  Tax Planning

Is inheritance tax HMRC’s biggest cash cow?

By RJP LLP on 26 September 2014

With house prices continuing to climb and no increase to the nil rate band, receipts from inheritance tax are on the up. The latest Treasury figures suggest takings have caught up with what they were before the economic crisis.

Our new infographic highlights just how much taxpayers are forking out for inheritance tax and how this has changed through the decades as prices of property have risen, fallen and are now rising steadily once again. Who is paying the most IHT? How does it vary around the UK and what can you do to minimise inheritance tax on your estate?

Our IHT infographic provides some useful tips.

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Business Services

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60 Day Deadline for CGT Returns and Tax Payments

If you sell a property and incur capital gains tax on the transaction, you will need to file a tax return and also pay any tax that is due within 60 days of completion, or penalties will arise. Need help with your property taxes? Talk to us.

With house prices continuing to climb and no increase to the nil rate band, receipts from inheritance tax are on the up. The latest Treasury figures suggest takings have caught up with what they were before the economic crisis.

Our new infographic highlights just how much taxpayers are forking out for inheritance tax and how this has changed through the decades as prices of property have risen, fallen and are now rising steadily once again. Who is paying the most IHT? How does it vary around the UK and what can you do to minimise inheritance tax on your estate?

Our IHT infographic provides some useful tips.

rjp-info3-th