top of page
  • Farrell & Farrell

UK: HMRC collected IHT over £6bn during the pandemic

HMRC has collected over £6bn in Inheritance tax during covid-19, i.e. in the past 12 months. This is up 19% on the previous year.


Due to the high house property prices and the frozen nil rate band for Inheritance at £325,000 (frozen since 2009) a lot more estates are falling within the scope of Inheritance tax charges.

7 views0 comments

Recent Posts

See All

UK: Interest rates remain unchanged at 5.25%

The Bank of England has today confirmed that interest rates will remain unchanged for the sixth time in a row at 5.25% as expected. #FarrellAndFarrell #crossbordertaxadvisors #crossborder #taxadvisors

UK: HMRC freezes director’s loan interest at 2.25%

HMRC has confirmed that the official rate of interest will not be increased for directors’ loans outstanding throughout the tax year 2024/25 using the normal averaging method of calculation, instead k

コメント


bottom of page