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Inheritance tax: Rishi Sunak could make 'wealthy pay' for pandemic

| UPDATED: 15:35, Fri, Mar 12, 2021
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Chancellor Rishi Sunak set out his Budget earlier this month as the UK economy continues to suffer during the pandemic. He announced various policies, including an increase in corporation tax from 19 percent to 25 percent by 2023 – sweetened with £25billion incentives for businesses. Pension lifetime allowances will also be frozen as Mr Sunak looks to increase the amount of people paying duties via a stealth tax. However, the Budget was largely light on major tax changes, despite fears the self-employed could b ....

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Inheritance tax warning as Rishi Sunak could enforce 'immediate charge' on gifts

| UPDATED: 13:06, Fri, Feb 12, 2021
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Chancellor Rishi Sunak is said to be considering a wide range of tax reforms and increases amid the ongoing pandemic and subsequent recession. Ahead of his Budget announcement in March, tax rises are reportedly around the corner, with the self-employed seemingly likely to bear some of the burden. But there are also a number of wealth taxes that could be hiked, according to experts, who warned inheritance tax reforms could lead to bills on gifts. As Yahoo Finance claimed last month, the Potentially Exempt Transfer (PET) regime ....

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