‘Christmas comes early’ as inheritance tax receipts jump on threshold freeze

cityam12-20

Farmers protest in central London over the changes to inheritance tax (IHT) rules in the recent budget. PA Photo. Gareth Fuller/PA Wire The amount of inheritance tax (IHT) brought in by the government...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2492917064?lang=en_US&edition=fundamental","thumbnail":"https://www.cityam.com/wp-content/uploads/2024/12/01JD29VJRHQRNRTQVP2XC4C0FK.jpg?w=824&h=463&crop=1","is_english":true,"pubTime":"2024-12-20 17:10","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2492917064","market":"fut","top_or_hot":-1,"title":"‘Christmas comes early’ as inheritance tax receipts jump on threshold freeze","media":"cityam","content":"<div>\n<p>Farmers protest in central London over the changes to inheritance tax (IHT) rules in the recent budget. PA Photo. Gareth Fuller/PA Wire The amount of inheritance tax (IHT) brought in by the government...</p>\n\n<a href=\"https://www.cityam.com/christmas-comes-early-as-inheritance-tax-receipts-jump-on-threshold-freeze/\">Source Link</a>\n\n</div>\n","source":"cityam_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>‘Christmas comes early’ as inheritance tax receipts jump on threshold freeze</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n‘Christmas comes early’ as inheritance tax receipts jump on threshold freeze\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-20 17:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityam.com/christmas-comes-early-as-inheritance-tax-receipts-jump-on-threshold-freeze/><strong>cityam</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Farmers protest in central London over the changes to inheritance tax (IHT) rules in the recent budget. PA Photo. Gareth Fuller/PA Wire The amount of inheritance tax (IHT) brought in by the government...</p>\n\n<a href=\"https://www.cityam.com/christmas-comes-early-as-inheritance-tax-receipts-jump-on-threshold-freeze/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4181","symbol_name":"酒店及度假村房地产投资信托","start_time":0,"source_url":"https://www.cityam.com/christmas-comes-early-as-inheritance-tax-receipts-jump-on-threshold-freeze/","article_id":"2492917064","we_media_id":null,"thumbnails":["https://www.cityam.com/wp-content/uploads/2024/12/01JD29VJRHQRNRTQVP2XC4C0FK.jpg?w=824&h=463&crop=1"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492917064","pubTimestamp":1734685857,"columns":[],"sourceInfo":{"source_id":"cityam_highlight","name":"cityam"},"weMediaInfo":null,"summary":"“With the nil-rate band frozen at 325,000 and the residence nil-rate band at 175,000 until 2030, the scope for tax-free inheritance has been shrinking each year.”Decades of rising property prices have also been a major driver of more families paying IHT.While one in 20 estates are currently liable to pay IHT, government estimates suggest this will increase to one in 10 by 2030. “With the IHT threshold frozen until 2030, coupled with pensions being added to the taxable estate from April 2027, the government’s coffers will get a substantial top-up in the coming years,” explained Quilter’s Moore.","collect":0,"end_time":0,"defaultTopTitle":"cityam.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4181":"酒店及度假村房地产投资信托","BK4218":"酒店及度假村房地产信托","IHT":"InnSuites Hospitality Trust"},"translate_title":"由于起征点冻结，遗产税收入大幅增加，“圣诞节提前到来”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IHT":1},"content_text":"Farmers protest in central London over the changes to inheritance tax (IHT) rules in the recent budget. PA Photo. Gareth Fuller/PA Wire The amount of inheritance tax (IHT) brought in by the government ticked up to £600m in November, as frozen thresholds pushed more estates into paying the tax. “Christmas has come early for the government,” said Shaun Moore, tax and financial planning expert at Quilter, with the higher tax receipts allowing the amount the government borrowed last month to fall substantially.There has been a significant increase in the amount of IHT brought in this year, with receipts from April to November 2024 totalling £5.7bn, £500m higher than in the same period last year.“The continued rise in inheritance tax receipts reflects how frozen thresholds and increasing property and asset values are pulling more families into the IHT net,” said Richard Bate, head of private wealth at Weightmans.\n\n“With the nil-rate band frozen at £325,000 and the residence nil-rate band at £175,000 until 2030, the scope for tax-free inheritance has been shrinking each year.”Decades of rising property prices have also been a major driver of more families paying IHT.While one in 20 estates are currently liable to pay IHT, government estimates suggest this will increase to one in 10 by 2030. “With the IHT threshold frozen until 2030, coupled with pensions being added to the taxable estate from April 2027, the government’s coffers will get a substantial top-up in the coming years,” explained Quilter’s Moore.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492917064"}