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The Kings Court Trust Blog

Keeping you up-to-date with Wills, probate and estate administration industry news

Could more changes to Inheritance Tax be on the horizon?

At a Conservative conference fringe event organised by the Institute of Economic Affairs and the Taxpayers’ Alliance, Chancellor Sajid Javid hinted that he could cut Inheritance Tax. After being asked whether he would scrap the tax, Sajid Javid shared how he understood arguments against the tax and suggested that he’s considering changes.
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The risk of miscalculating your Inheritance Tax - You could be branded a criminal

Ordinary individuals inheriting assets from overseas could risk criminal charges if they miscalculate the tax owed, reports The Telegraph.
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PM: Inheritance Tax Should Only Be Paid By The 'Mega Rich'

Inheritance tax has been in the news a fair amount recently – we've been trying to keep up with the most recent developments as best we can – but the latest piece of news comes from David Cameron ahead of the general election next May, with the Prime Minister announcing that although he is aiming to increase the threshold for inheritance tax, it may take some time for a new policy to come into play.
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Artwork Received By Government Instead of Tax Payments

on Sep 18, 2014 9:00:00 AM By | Kings Court Trust | Changing Tax Rules Industry News Regulation
At KCT we were particularly interested to read recently that various heritage objects, including works of art, have been received by the government in lieu of heritage tax, according to an article on The Telegraph. More than £100 million worth of items were received over a five-year period.
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