Philip Hammond has ordered an overhaul of inheritance tax rules to make them simpler, it emerged today. The Chancellor asked the Office for Tax Simplification (OTS) to identify ways to make declaring ...

Chancellor Philip Hammond is looking into overhauling the "particularly complex" inheritance tax less than one year after the reforms by his predecessor George Osborne were brought in. Hammond has ...

Chancellor Philip Hammond has asked the Office of Tax Simplification to review the inheritance tax regime. In a letter dated 19 January, Hammond noted the system is “particularly complex” and wants to ...

10:19, Mon, Jun 30, 2025 Updated: 11:21, Mon, Jun 30, 2025 UK households are being warned by HMRC to tread carefully when gifting money to loved ones – or risk leaving their estates facing unexpected ...

The new inheritance tax rules will be the most complex tax changes to affect family businesses in at least a generation. With the UK Government confirming that from 6 April 2026, a new £1m cap will ...

Britons are warned inheritance tax is not just for the wealthy as everyday households are being burdened with the tax. There are a range of exemptions available to help lessen the bill, however, these ...

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Everyone wants to leave as much of their wealth as possible to loved ones when they die. But the Government is equally as intent on getting its hands on a portion through the uniquely unpopular ...