And there are two you should be aware of: the estate tax and inheritance tax. Many people think they’re the same, but they aren’t. The estate tax is levied on the things the deceased owns or ...

The special helpline is designed for high-earning individuals and senior public officials whose tax affairs are stored separately for security reasons. In the final six months of 2024, VIPs using the ...

SEOUL, - South Korea plans to overhaul inheritance tax codes to make them more equitable and encourage wealth transfer to younger generations, the finance ministry said on Wednesday, in its first ...

The standard tax-free threshold is currently set at £325,000 per person, and typically 40 per cent tax is paid on anything ...

Two decades of property inflation has lifted families to millionaire status who never would have expected to get there, and that means many more are now hit by inheritance tax. New rules will save ...

The Mirror rounds up everything you need to know before the end of the current tax year that could help you boost everything ...

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

4. How the seven-year rule works Large gifts in excess of £3,000 can be made without incurring inheritance tax – but only if you survive the gift by seven years. This is widely known as the ...

"The strategy previously was to limit withdrawals to £50,000 a year so you are only paying a marginal rate of 20 per cent. But people are now raising the yearly income to £100,000 and taking the 40 ...