Displaying 1-30 of 43 results
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.
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
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.
INSIGHTS VIEWPOINT
Landlords advised not to use tax avoidance scheme
- May 2025
- ICAEW Insights
HMRC has warned against the use of a capital gains tax (CGT) avoidance scheme that involves an individual transferring their property business to a limited liability partnership (LLP), which is then put into members’ voluntary liquidation (MVL).
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.
INSIGHTS VIEWPOINT
ICAEW’s view on plans to charge IHT on pensions
- Jan 2025
- ICAEW Insights
ICAEW is concerned that the proposed processes for bringing more pensions within the scope of inheritance tax (IHT) will cause delays in payouts to beneficiaries and place a significant administrative burden on pension scheme administrators (PSAs).
TAX FACULTY
Tax news in brief 4 December 2024
- Dec 2024
- ICAEW Insights
Highlights from the broader tax news for the week ending 4 December 2024, including: a reminder to pay simple assessment tax bills; a warning to look out for self assessment tax scams; and further information on the changes to agricultural property relief.
INSIGHTS VIEWPOINT
Autumn Budget makes significant changes to inheritance tax
- Oct 2024
- ICAEW Insights
The government has announced that the inheritance tax (IHT) nil rate band will be fixed for a further two years, business property relief (BPR) and agricultural property relief (APR) will be reformed and the exemption for pensions will be removed.
INSIGHTS VIEWPOINT
Improved processes for trusts and estates
- Sep 2024
- ICAEW Insights
Updates to forms should make it easier to inform HMRC of a chargeable event for inheritance tax (IHT), and to speed-up probate applications and dealing with an estate.
Exclusive
FARMING AND RURAL BUSINESS COMMUNITY
Butler & Others v HMRC [2023]
- Jul 2024
- Lucy de Greeff
- Farming and Rural Business Community News
The result of a recent First Tier Tribunal case on a failed claim for 100% Business Property Relief (BPR) on an interest in a Limited Liability Partnership (LLP) which ran a wedding business will be of interest to members and rural businesses alike.
INSIGHTS VIEWPOINT
Changes ahead for agricultural property relief
- Mar 2024
- ICAEW Insights
Environmental land management and ecosystem service markets consultation outcome published, with updated legislation for changes to geographical scope of relief.
FACULTIES ONLINE
TAX FACULTY
TAX NEWS
IFS examines options for reforming inheritance tax
- Oct 2023
- ICAEW
In its recent report, the Institute for Fiscal Studies (IFS) considers several options for reforming inheritance tax (IHT). These include raising the IHT nil rate band (NRB), or capping key IHT reliefs such as business property relief (BPR) and agricultural property relief (APR).
Exclusive
TAX FACULTY
Inheritance tax: pitfalls and planning points
- Aug 2023
- Mei Lim Cooper
- Taxline
Inheritance tax has been in the public eye again in recent months, sparking media debate on the merits and demerits of one of the UK’s least favourite taxes. Mei Lim Cooper looks at some of the pitfalls and planning points for inheritance tax as it stands.
Exclusive
TAX FACULTY
When interest in possession meets IHT
- Mar 2023
- Mark McLaughlin
- Taxline
Mark McLaughlin looks at interests in possession and how they might be identified, which is essential to establish the correct IHT liability.
Displaying 1-30 of 43 results
Latest news
The latest news about the UK's tax system brought to you by ICAEW's Tax Faculty.