Quick answer The UK’s inheritance tax (IHT) regime is one of the harshest in the developed world by international comparison. The UK charges 40% above
Quick answer Australia has no inheritance or estate tax, it abolished federal estate duty in 1979. Instead, Australia applies capital gains tax on death through
As we approach the new tax year, significant reforms to Inheritance Tax (IHT) rules are on the horizon. The UK government has announced changes effective
Quick answer The UK has Inheritance Tax primarily as a revenue-raising mechanism for the government, with the current system applying a 40% tax rate on
In the UK, Inheritance Tax (IHT) is levied on the estate of someone who has passed away. The tax applies to the estate’s value above
Quick answer The Inheritance Tax Act 1984 is the principal UK statute governing inheritance tax. It replaced the Capital Transfer Tax of 1975 — itself
The UK Government’s recent budgets — the Autumn Budget 2024 and Spring Statement 2025 — have brought significant changes to the Inheritance Tax (IHT) system.