by johnireland | Articles
A Record Year for Inheritance Tax — and for Enforcement Inheritance tax receipts reached a record of nearly £8.5 billion in the last tax year. What has received far less attention is how much of that money HMRC had to go and find. New figures show that investigations...
by johnireland | Tax Talk
HMRC has recovered an extra £1.36 billion from inheritance tax investigations over the past five years, while IHT receipts hit a record £8.5 billion. The proportion of UK deaths triggering an IHT bill is now the highest in almost twenty years. The new battleground is...
by johnireland | Articles
Over the past five years, Family Investment Companies have moved from a niche planning tool used by the ultra-wealthy to a mainstream option for business owners and property investors looking to pass wealth to the next generation. A Family Investment Company — or FIC...
by johnireland | Articles
A 75% Increase Overnight On 13 July 2026, the cost of applying for a grant of probate in England and Wales rose from £300 to £526 — a 75 per cent increase. For many families, the fee itself is manageable. But combined with processing delays, HMRC requirements, and the...
by johnireland | Tax Talk
Taper relief is one of the most misunderstood rules in inheritance tax planning. Most people believe it gradually reduces the value of a gift over seven years. It does not. It reduces the rate of tax — and only on amounts above the nil-rate band. Here is how the...
