inheritance tax

"HMRC asked me to pay IHT on my mother’s Isa cash": Moneywise readers' best comments and letters

Each month we publish the best comments, emails and letters from our readers the star of which will win a £50 M&S giftcard. Here are the best of January 2018

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Inheriting a tidy sum? Spend it wisely

Has a relative or friend left you money in their will? If you’re not sure what to do with it, read our step-by-step guide to how to make the most of that extra cash

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Inheritance tax payments top £5 billion in 2018 - and are set to keep rising

The much-maligned inheritance tax has earned HMRC more than £5 billion in a year for the first time, and is set to keep growing.

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Should my dad add me on the deeds to his house?

It is quite easy to put the deeds of your father’s house into your name. However, there are a number of potential pitfalls.

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Can I give my children cash without them having to pay IHT?

If the value of your estate – including these gifts – are beneath the nil-rate band, there is no tax to pay.

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Hundreds of thousands of families needlessly filling in inheritance tax paperwork

The Office for Tax Simplification (OTS) has called on HMRC to reduce or remove the requirement to submit inheritance tax forms for smaller or simpler estates

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Probate fee hike for bereaved families is an "abuse of power" says accountancy institute

The intention of the Ministry of Justice (MoJ) to increase probate fees for bereaved families is an abuse of the government's constitutional power says the Institute of Chartered Accountants in England and Wales (ICAEW).

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Bereaved families will face soaring probate fees of up to £6,000 as the government presses on with controversial tiered fee structure

Bereaved families could see the cost of probate soar by thousands of pounds after the Ministry of Justice confirmed that it will implement a banded structure for the payment of probate fees from April next year.

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Average inheritance hits £11,000 - and those aged 55 to 64 are most likely to receive one

People approaching retirement are most likely to be handed down wealth and receive the largest inheritances, official figures show.

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Britain's top 10 inheritance tax hotspots revealed: Guildford tops the list as IHT receipts hit record highs

Guildford in Surrey has been named the inheritance tax (IHT) capital of Britain, according to data from Direct Line.

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