Inheritance Tax reporting – in the know

16th June 2022

rnrn1HMRC, 2022rnrn rnrnThe Financial Conduct Authority (FCA) does not regulate Will writing, tax and trust advice and certain forms of estate planningrnrn“, “_columns_0_column”: “hd_rich_text-column”, “columns_0_css_class”: “”, “_columns_0_css_class”: “hd_rich_text-css_class”, “columns”: 1, “_columns”: “hd_rich_text-columns”, “use_sidebar”: “0”, “_use_sidebar”: “hd_rich_text-use_sidebar”, “bg_color”: “”, “_bg_color”: “hd_rich_text-bg_color”, “bg_image”: “”, “_bg_image”: “hd_rich_text-bg_image”, “bg_transparency”: “0”, “_bg_transparency”: “hd_rich_text-bg_transparency”, “light_text”: “0”, “_light_text”: “hd_rich_text-light_text”, “block_title_level”: “2”, “_block_title_level”: “hd_rich_text-block_title_level”, “block_template”: “template1”, “_block_template”: “hd_rich_text-template”, “margin_top”: “default”, “_margin_top”: “hd_-margin_top”, “margin_bottom”: “default”, “_margin_bottom”: “hd_-margin_bottom”, “padding_bottom”: “default”, “_padding_bottom”: “hd_-padding_top”, “padding_top”: “default”, “_padding_top”: “hd_-padding_bottom” }, “align”: “”, “mode”: “edit” } /–>rnrnMore people are having to pay IHT; HMRC figures show IHT receipts for the period April 2021 to January 2022 to be £5bn, which is a £700m increase on the same period one year earlier1. IHT planning is a complicated subject, but sensible financial planning can help to reduce the amount of IHT payable and safeguard your wealth for the future.rnrn rnrn1HMRC, 2022rnrn rnrnThe Financial Conduct Authority (FCA) does not regulate Will writing, tax and trust advice and certain forms of estate planningrnrn“, “_columns_0_column”: “hd_rich_text-column”, “columns_0_css_class”: “”, “_columns_0_css_class”: “hd_rich_text-css_class”, “columns”: 1, “_columns”: “hd_rich_text-columns”, “use_sidebar”: “0”, “_use_sidebar”: “hd_rich_text-use_sidebar”, “bg_color”: “”, “_bg_color”: “hd_rich_text-bg_color”, “bg_image”: “”, “_bg_image”: “hd_rich_text-bg_image”, “bg_transparency”: “0”, “_bg_transparency”: “hd_rich_text-bg_transparency”, “light_text”: “0”, “_light_text”: “hd_rich_text-light_text”, “block_title_level”: “2”, “_block_title_level”: “hd_rich_text-block_title_level”, “block_template”: “template1”, “_block_template”: “hd_rich_text-template”, “margin_top”: “default”, “_margin_top”: “hd_-margin_top”, “margin_bottom”: “default”, “_margin_bottom”: “hd_-margin_bottom”, “padding_bottom”: “default”, “_padding_bottom”: “hd_-padding_top”, “padding_top”: “default”, “_padding_top”: “hd_-padding_bottom” }, “align”: “”, “mode”: “edit” } /–>rnrnThinking of your own IHT planningrnrn rnrnMore people are having to pay IHT; HMRC figures show IHT receipts for the period April 2021 to January 2022 to be £5bn, which is a £700m increase on the same period one year earlier1. IHT planning is a complicated subject, but sensible financial planning can help to reduce the amount of IHT payable and safeguard your wealth for the future.rnrn rnrn1HMRC, 2022rnrn rnrnThe Financial Conduct Authority (FCA) does not regulate Will writing, tax and trust advice and certain forms of estate planningrnrn“, “_columns_0_column”: “hd_rich_text-column”, “columns_0_css_class”: “”, “_columns_0_css_class”: “hd_rich_text-css_class”, “columns”: 1, “_columns”: “hd_rich_text-columns”, “use_sidebar”: “0”, “_use_sidebar”: “hd_rich_text-use_sidebar”, “bg_color”: “”, “_bg_color”: “hd_rich_text-bg_color”, “bg_image”: “”, “_bg_image”: “hd_rich_text-bg_image”, “bg_transparency”: “0”, “_bg_transparency”: “hd_rich_text-bg_transparency”, “light_text”: “0”, “_light_text”: “hd_rich_text-light_text”, “block_title_level”: “2”, “_block_title_level”: “hd_rich_text-block_title_level”, “block_template”: “template1”, “_block_template”: “hd_rich_text-template”, “margin_top”: “default”, “_margin_top”: “hd_-margin_top”, “margin_bottom”: “default”, “_margin_bottom”: “hd_-margin_bottom”, “padding_bottom”: “default”, “_padding_bottom”: “hd_-padding_top”, “padding_top”: “default”, “_padding_top”: “hd_-padding_bottom” }, “align”: “”, “mode”: “edit” } /–>rnrnFurther details on how to value an estate for IHT and report its value can be found here www.gov.uk/valuing-estate-of-someone-who-died/check-type-of-estaternrn rnrnThinking of your own IHT planningrnrn rnrnMore people are having to pay IHT; HMRC figures show IHT receipts for the period April 2021 to January 2022 to be £5bn, which is a £700m increase on the same period one year earlier1. IHT planning is a complicated subject, but sensible financial planning can help to reduce the amount of IHT payable and safeguard your wealth for the future.rnrn rnrn1HMRC, 2022rnrn rnrnThe Financial Conduct Authority (FCA) does not regulate Will writing, tax and trust advice and certain forms of estate planningrnrn“, “_columns_0_column”: “hd_rich_text-column”, “columns_0_css_class”: “”, “_columns_0_css_class”: “hd_rich_text-css_class”, “columns”: 1, “_columns”: “hd_rich_text-columns”, “use_sidebar”: “0”, “_use_sidebar”: “hd_rich_text-use_sidebar”, “bg_color”: “”, “_bg_color”: “hd_rich_text-bg_color”, “bg_image”: “”, “_bg_image”: “hd_rich_text-bg_image”, “bg_transparency”: “0”, “_bg_transparency”: “hd_rich_text-bg_transparency”, “light_text”: “0”, “_light_text”: “hd_rich_text-light_text”, “block_title_level”: “2”, “_block_title_level”: “hd_rich_text-block_title_level”, “block_template”: “template1”, “_block_template”: “hd_rich_text-template”, “margin_top”: “default”, “_margin_top”: “hd_-margin_top”, “margin_bottom”: “default”, “_margin_bottom”: “hd_-margin_bottom”, “padding_bottom”: “default”, “_padding_bottom”: “hd_-padding_top”, “padding_top”: “default”, “_padding_top”: “hd_-padding_bottom” }, “align”: “”, “mode”: “edit” } /–>rnrnA step-by-step guidernrn rnrnFurther details on how to value an estate for IHT and report its value can be found here www.gov.uk/valuing-estate-of-someone-who-died/check-type-of-estaternrn rnrnThinking of your own IHT planningrnrn rnrnMore people are having to pay IHT; HMRC figures show IHT receipts for the period April 2021 to January 2022 to be £5bn, which is a £700m increase on the same period one year earlier1. IHT planning is a complicated subject, but sensible financial planning can help to reduce the amount of IHT payable and safeguard your wealth for the future.rnrn rnrn1HMRC, 2022rnrn rnrnThe Financial Conduct Authority (FCA) does not regulate Will writing, tax and trust advice and certain forms of estate planningrnrn“, “_columns_0_column”: “hd_rich_text-column”, “columns_0_css_class”: “”, “_columns_0_css_class”: “hd_rich_text-css_class”, “columns”: 1, “_columns”: “hd_rich_text-columns”, “use_sidebar”: “0”, “_use_sidebar”: “hd_rich_text-use_sidebar”, “bg_color”: “”, “_bg_color”: “hd_rich_text-bg_color”, “bg_image”: “”, “_bg_image”: “hd_rich_text-bg_image”, “bg_transparency”: “0”, “_bg_transparency”: “hd_rich_text-bg_transparency”, “light_text”: “0”, “_light_text”: “hd_rich_text-light_text”, “block_title_level”: “2”, “_block_title_level”: “hd_rich_text-block_title_level”, “block_template”: “template1”, “_block_template”: “hd_rich_text-template”, “margin_top”: “default”, “_margin_top”: “hd_-margin_top”, “margin_bottom”: “default”, “_margin_bottom”: “hd_-margin_bottom”, “padding_bottom”: “default”, “_padding_bottom”: “hd_-padding_top”, “padding_top”: “default”, “_padding_top”: “hd_-padding_bottom” }, “align”: “”, “mode”: “edit” } /–>rn