Stamp duty surcharge ‘could impact couples’

A planned increase to Stamp Duty Land Tax (SDLT) for non-UK residents may affect certain couples planning to buy a home, the Association of Taxation Technicians (ATT) has warned. The proposed change, outlined in a HMRC consultation, says non-UK residents buying a home...

Inheritance tax receipts to double by 2030

Taxpayers in the UK are set to pay a total of £10 billion a year in inheritance tax by 2030, according to projections from Canada Life. The most recent data from the Office for National Statistics shows that the Government collected £5.2bn in inheritance tax receipts...

Over-50s support tax break for downsizing

Nearly three-quarters (73%) of people over 50 would support a stamp duty break for people who downsize their home, research from Saga shows. In a survey of 2,000 people, 25% of over 50s said they were struggling to afford the cost of moving house. The research also...

HMRC issues springtime tax scam warning

HMRC is warning taxpayers about an expected increase in the number of tax rebate scams sent during April and May 2019. Legitimate tax rebates are processed by HMRC at this time of year, but fraudsters often take advantage of that by posing as the tax authority in scam...

Retirees paying £4bn more tax than previously thought

Pensioners are paying around £4 billion more in income tax than had previously been estimated, according to Royal London and the Centre for Policy Studies. The latest figures published by HMRC show that pensioners paid £17.9 billion in income tax on their pensions in...