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Work out your total IHT liability.
This is a very basic guide to show the potential IHT liability that you face. There are significant reliefs and exemptions which may be available which are not shown in this calculator. It may be possible to effect signifiant tax savings with careful planning and we are happy to advise you on the options which may be available to you.
Please enter the value of your assets and liabilities.
Note: These calculations are only for illustrative purposes and are not a substitute for professional advice.
HMRC has now repaid £1.8 million in tax penalties to nearly 5,000 parents who were fined for failing to register for the High Income Child Benefit Charge.
Research carried out by think tank the Resolution Foundation has suggested that young people are 'less likely to move around the country for a better job' as a result of a considerable rise in rental costs.
The Institute of Chartered Accountants in England and Wales (ICAEW) has responded to the government's consultation in regard to the 'off-payroll working rules from April 2020'.