by johnireland | Tax Talk
The Headline HMRC collected £8.5 billion in inheritance tax during the 2025-26 tax year — the highest figure ever recorded. The Office for Budget Responsibility projects receipts will exceed £14 billion annually by the end of the decade. Why It Is Happening The...
by johnireland | Tax Talk
The Gift Allowances Most Families Never Use Fewer than one in five families take full advantage of the gift exemptions available to them — and the result is thousands of pounds in unnecessary inheritance tax every year. Here is what you can give away tax-free right...
by johnireland | Tax Talk
What Has Changed Between October 2024 and April 2026, CGT rates for business owners have risen sharply. Business Asset Disposal Relief (BADR) now charges 18% on the first £1 million of qualifying gains (up from 10%). The standard rate is 24% (up from 20%)....
by johnireland | Tax Talk
What Has Changed? From 6 April 2026, the combined allowance for Business Property Relief and Agricultural Property Relief is capped at £2.5 million per person. Above that figure, the relief drops from 100% to 50%, creating an effective inheritance tax rate of 20% on...
by johnireland | Tax Talk
Property owners can shield up to £1,000,000 from inheritance tax — but only if their Will is structured correctly. The Residence Nil-Rate Band (RNRB) adds £175,000 per person to the standard nil-rate band of £325,000, giving married couples a combined IHT-free...
by johnireland | Tax Talk
A business restructure carried out for operational efficiency can quietly create Capital Gains Tax exposure long before any sale takes place. In practice, the problem often emerges years later when shares are transferred, succession plans are activated or HMRC...
