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Inheritance tax


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It’s worth considering trusts when doing inheritance tax planning

IT ONCE seemed so much more straightforward. If you had a considerably-sized estate and you wanted to save your offspring the burden of inheritance tax, there were a number of ways of gifting at least part of that estate away.

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INVEST to PROGRESS

I was listening to a radio discussion this morning about inheritance tax and the fact that you have to pay 40% on everything you inherit, over an initial £300,000. So, you work hard, you put in long hours, and you do everything you can to build a life for you and your family, putting as much money aside as possible to prepare for the future. Then, come the day you die, nearly half of the money you...

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“Psychic“ Jack Answers Obama in 1997

by Jack Kemp “Psychic” Jack Kemp replies to Obama on Inheritance Taxes — 11 years before he stated his presidential campaign position on that issue Taken from a Pro Obama website, here is his position on inheritance taxes: http://www.nodeathtax.org/2008election/obama.htm Barack Obama Will Create a $7 Million Estate Tax Exemption for Couples and a 45 Percent Rate: According to Bloomberg [...]

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``Psychic`` Jack Answers Obama in 1997

by Jack Kemp "Psychic" Jack Kemp replies to Obama on Inheritance Taxes -- 11 years before he stated his presidential campaign position on that issue Taken from a Pro Obama website, here is his position on inheritance taxes: http://www.nodeathtax.org/2008election/obama.htm Barack Obama Will Create a $7 Million Estate Tax Exemption for Couples and a 45 Percent Rate: According to Bloomberg News, “Both...

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How to cut the IHT bill

RECENT changes to inheritance tax rules have done nothing to help single people. We showed one reader the steps she could take to reduce her bill.

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Tax is a bit like Marmite - you either love it or hate it [Martin Bamford]

Do you love or hate Marmite? It is the one question that gets a guaranteed polarised answer. As a product it leaves little room for the middle ground. Tax is a little bit like that. When we talk to our clients about tax, and inheritance tax in particular, they either want to do everything in their power to avoid it or they accept it (I will not go as far as to say they love it) as an unavoidable reality....

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Liverpool News: Field rues Tories’ change of heart

MERSEY MP Frank Field accused the Tories of wrecking his attempt to give siblings who live together the same inheritance tax breaks as married couples.

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Climate security

Language matters in politics. It turns out that not everyone, in fact not anyone, is a wholly rational evaluator of things on their merits alone. Presentation is important. Calling inheritance tax ‘death tax’ makes it sound nastier; calling employment rights ‘red tape’ makes them seem a pointless nuisance; calling inept spasming in the face of a world you don’t understand ‘the war on terror’ makes...

1Vote!

How to pass on as much of your wealth to the next generation as possible

INHERITANCE tax (IHT) is linked extrinsically to death, a subject which none of us likes to think about. Yet more and more people are finding themselves drawn into th

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Death Tax!

From jroosh in my awesome comments section: The inheritance tax was originally enacted in the late eighteenth century to pay for wars. Over the years it has been reactivated and deactivated and at some point congress neglected to deactivate it. … Personally, I don’t believe in being double-taxed. An individual that has amassed enough assets to have an [...]

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What could Gordon do to turn it around?

It's a year since Gordon Brown took office as prime minister. Since his brief honeymoon period there has been a series of PR disasters and crises: the election-that-wasn't; inheritance tax policy; data records loss; Northern Rock and the credit crunch; and losses in the London Mayoral vote and the Crewe and Nantwich by-election. The latest polling (for example today in the The Guardian ) makes for...

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Bill to grant legal protection to same-sex couples

GAY AND lesbian couples will be able to register their relationships with the State for the first time and avail of greater protection in areas such as pensions, inheritance and tax, under new Government proposals.

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Political Quarterly - Vol. 79 no. 2 (2008)

What is wrong with inheritance tax? - Rajiv Prabhakar Is the death of inheritance tax inevitable? Lessons from America - Karen Rowlingson What (if anything) is wrong with inheritance tax? - Stuart White Wealth taxes: stories, metaphors and public attitudes - Rajiv Prabhakar Why are inheritance taxes unpopular? - Keith Dowding Climate change and UK politics: from Brynle Williams to Sir Nicholas Stern...

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What's the Tax Plan Mr. President-in-Waiting

Category: Estate and Inheritance Tax , Tax Law and Planning Now that the candidates are known, what is that next question? What they propose to do with your taxes of course. A quick summary rundown courtesy of National Center for Policy Analysis - YOUR TAX BILL: HOW MCCAIN, OBAMA DIFFER : Income taxes: McCain wants to make permanent the current federal income-tax rates. McCain opposes Sen. Obama's...

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More snout action

oink oink oink! Let me get this straight ~ they put the flat into a trust for their kids to maximise inheritance tax efficiency ~ fair enoughski. They then charged the tax payer for rent on that flat ~ fucking helsinki. How much of this moral sewerage are we going to put up with? [...]