An inheritance tax is levied when a beneficiary inherits assets from the estate of someone who died. There is no federal inheritance tax, but five states currently levy this tax: Kentucky ...

Giulia Carbonaro is a Newsweek reporter based in London, U.K. Her focus is on the U.S. economy, housing market, property insurance market, local and national politics. She has previously ...

The government is facing pressure to delay controversial inheritance tax reforms that are set to hit farmers next year. Chancellor Rachel Reeves has faced fury from farmers after she used her ...

A family has been ordered to pay £176,000 in inheritance tax by the court after wrongly interpreting gifting rules, which they thought would mean they avoided a bill after their father died.

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I am reasonably au fait with the proposed changes being introduced in April 2027, which will bring pensions into the inheritance tax calculation. This will create a problem for me as I have saved ...

Although this makes the condition highly determined by inheritance compared with other traits, addiction is also more manageable than other inherited characteristics, through treatment and ...

Labour has been urged to delay its controversial inheritance tax raid on farmers by a year. MPs on the Environment, Food and Rural Affairs Committee called on the Government to look again at the ...

Meanwhile, 84% of farmers felt that their mental health has been affected, with farmers citing the Sustainable Farming Incentive (SFI) closure and changes to inheritance tax reliefs as the common ...

Britons are urged to check if they can benefit from an “underused” inheritance tax (IHT) rule to reduce potential bills. Gifting out of surplus income is IHT-free and can reduce taxable ...