Displaying 1-30 of 54 results
INSIGHTS VIEWPOINT
Tax news highlights from May 2026
- May 2026
- ICAEW Insights
ICAEW’s Tax Faculty provides a summary of some of the key developments in tax in May 2026 and explains where you can find further information.
CONSTRUCTION AND REAL ESTATE COMMUNITY
Mansion tax will cost almost £400 million before a penny is collected
- May 2026
- The Times
Labour’s mansion tax is expected to cost the Treasury more than a quarter of a billion pounds before a penny is raised. From 2028, homeowners will pay a surcharge on top of their council tax bill if the value of their property is £2m or more. The threat of this tax is estimated by Treasury Officials to lead to falls in property values resulting in a reduction of stamp duty and inheritance tax receipts of around £230m. Further costs for valuing and identifying properties estimated at £120m point to an overall cost of £350m for introducing this tax.
Exclusive
VALUATION COMMUNITY
Your Valuation Community: what’s coming up this year?
- Feb 2026
- Samuel Edwards
- Valuation Community Newsletter
With a strong finish to 2025, here’s what is to look forward to in the year ahead.
INSIGHTS VIEWPOINT
Prepare for 2026/27: Individuals
- Feb 2026
- ICAEW Insights
ICAEW’s Tax Faculty provides a summary of some of the key changes affecting individuals from 6 April 2026, including increases to some of the rates of income tax and capital gains tax (CGT), as well as reforms to inheritance tax (IHT).
Tax news in brief 3 February 2026
- Feb 2026
- ICAEW Insights
Highlights from the broader tax news for the week ending 3 February 2026, including: the publication of a MTD agent toolkit by HMRC; and guidance from HMRC on a new step to take when enrolling VAT into the Business Tax Account.
INSIGHTS VIEWPOINT
Extend inheritance tax payment deadline to 12 months, says Lords
- Jan 2026
- ICAEW Insights
The House of Lords has urged the government to extend the deadline for paying inheritance tax (IHT) on pensions assets and for estates with qualifying agricultural and business assets from six months to 12 months.
INSIGHTS VIEWPOINT
Government makes further concessions on IHT reforms
- Dec 2025
- ICAEW Insights
The government has announced that the new allowance for 100% agricultural property relief (APR) and business property relief (BPR) for inheritance tax (IHT) will be increased from £1m to £2.5m.
INSIGHTS VIEWPOINT
Agents may be overlooking IHT on cryptoassets
- Dec 2025
- ICAEW Insights
HMRC is writing to agents who have previously submitted inheritance tax (IHT) returns to raise awareness of the requirement to account for IHT on cryptoassets. Any returns that contain an error should be corrected.
INSIGHTS VIEWPOINT
Budget: Further changes made to CGT, IHT and residence rules
- Nov 2025
- ICAEW Insights
The Chancellor announced a number of changes to capital gains tax (CGT), inheritance tax (IHT) and the residence-based tax regime , including a change in the rules for disposals to employee ownership trusts (EOTs), effective immediately.
INSIGHTS VIEWPOINT
ECONOMIC UPDATE
Influencing policy to support you: September 2025
- Sep 2025
- ICAEW Insights
This month, ICAEW engaged with ministers to address issues ranging from employment rights and pensions reform to trade, inheritance tax and business growth.
PERSONAL FINANCIAL PLANNING COMMUNITY
Inheritance tax: sweeping changes ahead and why more estates will be caught
- Sep 2025
- Irwin Mitchell
Recent analysis by Irwin Mitchell reveals a dramatic shift in the UK’s inheritance tax (IHT) landscape.
INSIGHTS VIEWPOINT
ICAEW has major concerns about draft Finance Bill legislation
- Sep 2025
- ICAEW Insights
ICAEW has raised issues on a range of measures, including mandatory agent registration and inheritance tax reform, in its responses to the government’s technical consultation on draft legislation for the Finance Bill 2025/26.
TAX FACULTY
Follow the numbers: IHT thresholds and exemptions
- Sep 2025
- ICAEW
- Taxline
HMRC’s latest statistics show that inheritance tax receipts increased by 12% between 2021/22 and 2022/23. ICAEW’s Tax Faculty considers the impact of frozen thresholds and exemptions and the possible effects of the government’s IHT reforms.
Exclusive
FARMING AND RURAL BUSINESS COMMUNITY
IHT reforms – details announced
- Aug 2025
- David Missen
- Farming and Rural Business Community News
Following the Autumn Budget and the consultation on trusts which took place in the Spring, HMRC released a series of papers on 22 July summarising the points raised in the consultation and outlining the draft legislative changes.
INSIGHTS VIEWPOINT
HMRC targets personal expenditure
- Aug 2025
- ICAEW Insights
HMRC will run a digital campaign to ensure that income tax self assessment (ITSA) taxpayers do not claim tax relief for personal expenditure when completing tax returns for 2024/25.
Exclusive
FARMING AND RURAL BUSINESS COMMUNITY
SDLT and farming
- Aug 2025
- Jack Deal & Sam Stent
- Farming and Rural Business Community News
Farmers up and down the country are reviewing the ownership of their land and properties in an attempt to mitigate the effects of the changes to Agricultural Property Relief and Business Property Relief that were announced in the Autumn 2024 Budget and which are now enshrined in draft legislation. An often overlooked tax that needs to be considered when transferring land and property is SDLT.
Exclusive
TAX FACULTY
Changes to IHT from 6 April 2025
- Aug 2025
- ICAEW
- Taxline
As part of a series of articles on the abolition of the remittance basis and domicile from April 2025, Katherine Ford considers the changes to inheritance tax.
PROFESSIONAL STANDARDS DEPARTMENT
Inheritance Tax: what do you need to know?
- Jul 2025
- Professional Standards Department
Inheritance Tax (IHT) is one of the most complex and frequently misunderstood parts of administering an estate. We talk to some experienced ICAEW-accredited probate professionals, who explain the process and highlight some common misconceptions.
INSIGHTS VIEWPOINT
Have your say on draft Finance Bill legislation
- Jul 2025
- ICAEW Insights
ICAEW's Tax Faculty considers key measures from draft legislation published by the government for the Finance Bill 2025/26, including on MTD income tax, inheritance tax (IHT) reforms, enhanced HMRC powers to tackle tax advisers facilitating non-compliance and agent registration.
INSIGHTS VIEWPOINT
ECONOMIC UPDATE
Influencing policy to support you: June 2025
- Jun 2025
- ICAEW Insights
This month ICAEW shared insights on business confidence and the impact of proposed changes to inheritance tax, as well as reaction to the Spring Statement and the Industrial Strategy.
Trendwatch: agriculture
- Jun 2025
- Jason Sinclair
- Corporate Financier
Agriculture has been thrust into the spotlight with security of food supply and inheritance tax changes fuelling media interest. But what is going on with investment in the sector?
INSIGHTS VIEWPOINT
TECHNICAL ROUND UP
ICAEW technical round-up: May 2025
- May 2025
- ICAEW Insights
This month’s top stories feature a landlord tax avoidance scheme warning, a new ICAEW audit training film and an ISSB proposal to reduce Scope 3 sustainability reporting.
INSIGHTS VIEWPOINT
ECONOMIC UPDATE
Influencing policy to support you: May 2025
- May 2025
- ICAEW Insights
ICAEW has shared recommendations and insights from members on apprenticeship funding, inheritance tax changes, amendments to the Employment Rights Bill and the local audit market.
Exclusive
FARMING AND RURAL BUSINESS COMMUNITY
What the IHT changes mean for farmers
- May 2025
- Harriet Sergeant
- Farming and Rural Business Community News
As has been well documented in the national press, significant changes were made to inheritance tax reliefs (“IHT”) as part of Rachel Reeves' Autumn budget. These changes could force individuals to sell off farms that have been in the family for generations, due to the “dry tax charge” that will potentially arise on death. Essentially, a dry tax charge is a tax liability that crystallises without an individual receiving any funds to discharge the liability.
INSIGHTS VIEWPOINT
Government’s plans for inheritance tax may have severe consequences
- May 2025
- ICAEW Insights
ICAEW has responded to the government’s consultation on how the proposed changes to agricultural property relief (APR) and business property relief (BPR) for inheritance tax (IHT) will apply to property settled into trust.
Exclusive
FARMING AND RURAL BUSINESS COMMUNITY
Life insurance
- Apr 2025
- Jack Deal
- Farming and Rural Business Community News
The changes to Agricultural Property Relief and Business Property Relief, announced in the Budget on 30 October 2024, bring life insurance back into sharp focus.
Exclusive
FARMING AND RURAL BUSINESS COMMUNITY
Post budget planning – an old friend returns
- Apr 2025
- David Missen
- Farming and Rural Business Community News
As the furore over the Inheritance Tax changes in the 2024 Budget continues to rage, and practitioners dust off their tax planning archives to find ways to help the next generation, an old and sometimes overlooked tool is coming back to prominence.
INSIGHTS VIEWPOINT
Five tips for dealing with HMRC: trusts, estates and IHT
- Mar 2025
- ICAEW Insights
Following a meeting with HMRC’s trust and inheritance tax (IHT) teams, ICAEW’s Tax Faculty has pulled together five tips which may help taxpayers and agents to complete tasks more quickly and HMRC to make best use of its resources.
INSIGHTS VIEWPOINT
Government considers impact of inheritance tax reforms on trusts
- Feb 2025
- ICAEW Insights
The government is consulting on how its proposed changes to agricultural property relief (APR) and business property relief (BPR) will apply to property settled into trust.
Tax news in brief 26 February 2025
- Feb 2025
- ICAEW Insights
Highlights from the broader tax news for the week ending 26 February 2025, including: a new feature in the agent services account (ASA); and an opinion from the general anti-abuse rule (GAAR) advisory panel on inheritance tax (IHT) arrangements.
Displaying 1-30 of 54 results
Latest news
The latest news about the UK's tax system brought to you by ICAEW's Tax Faculty.