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The UK Treasury is considering tightening inheritance tax rules as part of efforts to address a budget deficit exceeding £40 billion. Proposed changes include preventing parents from making unlimited tax-free gifts to their children, which would represent a significant shift in current inheritance tax policy. Additionally, the Chancellor is exploring adjustments to capital gains tax to help bridge the fiscal gap ahead of the upcoming budget. These measures aim to increase government revenue amid ongoing financial pressures.
🇬🇧 Families Face Fresh Inheritance Tax Grab ▫Parents may be prevented from making unlimited tax-free gifts to their children under a proposed tightening of inheritance tax rules ▫@benrileysmith ▫https://t.co/Pq6V1dFuSy #frontpagestoday #UK @Telegraph 🇬🇧 https://t.co/p3Z5zW18Oi
🇬🇧 Treasury Targets Inheritance Tax Rises To Plug UK Deficit ▫Exclusive: Chancellor also looking at tweaks to capital gains tax to try to bridge £40bn-plus spending gap before budget ▫@Annaisaac ▫https://t.co/ivYEesn79p #frontpagestoday #UK @guardian 🇬🇧 https://t.co/WA1amPXL3j
WATCH: Labour Minister Opens Door to Massive Budget Inheritance Tax Grab https://t.co/ijfQP8wXtZ https://t.co/QNvSkfaiSL
