Analysis of HMRC data reveals that the UK’s super-rich don’t pay anywhere near as much inheritance tax (IHT) as the less-rich. It reveals that estates worth over £10m paid an average of 10% tax to the exchequer in 2015-16 tax year. Whereas estates worth £2-3m paid about 20% tax. Neil Jones, Market Development Manager at…Continue reading
Tag: HMRC
Stamp Duty Lowered For First-Time Buyers
There is some good news for first-time home buyers, as Stamp Duty is lowered in the Autumn Budget. This will apply to England and Northern Ireland. Wales will also benefit from this announcement but only until April 2018 when the Welsh Government’s new Land Transaction Tax is to be introduced. Stamp Duty is an amount…Continue reading