Study Predicts Greater Demand for Inheritance Tax Advice

New research from Prudential shows that financial advisers are bracing for a significant increase in demand for inheritance tax (IHT) advice over the coming year. According to the study, 69% of advisers expect demand for IHT planning to grow within the next 12 months, with 37% predicting a substantial surge. A Gap in Confidence and […]

Nation Acquires Another Painting through Acceptance in Lieu Scheme

A major full-length portrait by Sir Joshua Reynolds of the 5th Earl of Carlisle has been accepted in lieu of inheritance tax for the nation. The Acceptance in Lieu (AIL) scheme is administered by Arts Council England, and enables taxpayers to pay inheritance tax by transferring important works of art and other important heritage objects […]

IFS Chiefs Proposes Inheritance Tax Overhau

The head of one of the leading think tanks in the UK has stated that the government should consider overhauling inheritance tax and how the system works in the UK. Director of the Institute for Fiscal Studies (IFS), Paul Johnson, stated that the current system of inheritance tax was deeply unpopular with the vast majority […]