The number of British families that will have to pay inheritance tax is going to soar over the next five years, and the total number of estates affected by the tax is set to double from 2012 figures, the Daily Telegraph reported. In 2012/2013, 21,000 estates fell under inheritance tax r...

The final version of the guidance notes by HM Revenues and Customs (HMRC) regarding the Foreign Account Tax Compliance Act (FATCA) has been published, the taxman announced. The guidance was finalised after extensive consultations with stakeholders, including the Investment Management As...

The number of people who seek professional advice on how to reduce their inheritance tax is on the rise, following the government´s announcement that the threshold - assets of £325,000 or £650,000 for married couples - over which inheritance tax is charged at 40% would be frozen until 2...

The number of people residing in Britain who apply for a tax deduction has declined to 116,000 in the tax year to April 2011 from 140,000 in 2007-2008, the period when the world started to recognise the first symptoms of the looming financial turmoil, a spokesman for the UK tax authority told R...

The number of people residing in Britain who apply for a tax deduction has declined to 116,000 in the tax year to April 2011 from 140,000 in 2007-2008, the period when the world started to recognise the first symptoms of the looming financial turmoil, a spokesman for the UK tax authority told R...

Just 9% of advisers surveyed by Retirement Planner said that their clients were highly aware of the importance of estate planning, the research showed last week. Some 48% of the respondents to the survey said that they saw some level of awareness among clients, 39% claimed their clients...

Liberal Democrat leader and Deputy Prime Minister Nick Clegg has suggested introducing a new tax for the country's rich people to ensure that they are contributing to the nation's efforts to cope with the long recession, the Guardian reports.