Top Stories
UK chancellor Jeremy Hunt to announce a tax raid on inheritance -Telegraph
Global Banking and Finance Review
Company
(Reuters) – British Finance Minister Jeremy Hunt is to announce a tax raid on inheritance as he attempts to balance the books in next week’s autumn statement, the Telegraph reported on Monday.
(Reuters) – British Finance Minister Jeremy Hunt is to announce a tax raid on inheritance as he attempts to balance the books in next week’s autumn statement, the Telegraph reported on Monday.
The chancellor and Prime Minister Rishi Sunak have agreed to freeze the threshold above which people must pay tax for another two years which means that more people will have to pay inheritance tax, the newspaper reported.
(Reporting by Jahnavi Nidumolu in Bengaluru; Editing by Chris Reese)
Inheritance tax is a tax on the estate of a deceased person, including property, money, and possessions. In the UK, it is charged on estates valued above a certain threshold.
A financial statement is a formal record of the financial activities and position of a business, person, or entity. It includes balance sheets, income statements, and cash flow statements.
Explore more articles in the Top Stories category
