In HMRC’s publication with the last Budget statement (“Technical consultation — Inheritance Tax on pensions: liability, reporting and payment”), it is stated that “in the coming years, fewer than 10 ...

Term insurance could also be an option for farmers who are succession planning now and want to transfer their assets to the next generation as a lifetime gift. Under the so-called “seven-year rule”, ...

Pensions are going to become liable for inheritance tax like other assets such as property, savings and investments starting in April 2027.

Sadik Al-Hassan said he was growing increasingly concerned that issues regarding the future of farming are not being ...

Sadik Al-Hassan said he was growing increasingly concerned that issues regarding the future of farming are not being ...

Good communication, along with clear details of asset ownership, effective partnership agreements and wills can go a long way ...

Iowa has the lowest state inheritance tax, at a maximum of 2%. Kentucky and New Jersey have the highest, at a top rate of 16%, but they are among a group of three states that offer exemptions up to a ...