If gifts are made regularly from surplus income rather than capital, they can be exempt from IHT immediately, without the ...

Unless you have given away more than $13 million in your lifetime, a $75,000 gift will not trigger the federal gift tax.

More pensioners are opting to take pension income early to avoid being double - or even triple - taxed later in life ...

He has decided to give some money away now to me and my sister and will give us £90,000 each for a pension, but I am worried ...

Should I leave it to them in my will and pay inheritance tax; sell it now and give them the money, but pay capital gains tax; ...

There are many reasons for a business owner to develop a succession plan. It can ensure continuity and minimize disruptions, ...

House Bill 4170 was advanced by the House Finance Committee on a 9-3 vote, with three Democrats voting no and two abstaining.

Rising house prices are dragging more people into being subject to the tax, and Labour announced changes to the tax in ...

Millions of Brits could decide to tie the knot this year, purely to reduce potential future tax bills - although hopefully ...

On 6 April we start a new tax year, which means you have about a month to make the most of 2024-25 allowances.

The income Tax Department imposes a tax on every transaction. You will be surprised to know that the Income Tax Department ...

The Labour Party has broken its silence over potential HMRC inheritance tax changes coming in in just two weeks.