{"id":15450,"date":"2016-06-04T13:00:02","date_gmt":"2016-06-04T06:00:02","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-fear-inheritance-tax-your-cash-will-all-be-gone\/"},"modified":"2016-06-04T13:05:23","modified_gmt":"2016-06-04T06:05:23","slug":"why-fear-inheritance-tax-your-cash-will-all-be-gone","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-fear-inheritance-tax-your-cash-will-all-be-gone\/","title":{"rendered":"Why fear inheritance tax? Your cash will all be gone"},"content":{"rendered":"


\nResearch by Prudential shows less than 30% of people expect to be able to leave anything to their heirsTwo of the most enduring myths in personal finance are that (a) people work their guts out to pay for a home that jumps in value to hundreds of thousands of pounds and (b) that the nasty taxman will, when they die, snatch the money they wanted to leave to the kids.A report from Prudential this week explodes that second myth comprehensively. The Pru\u2019s research suggests that fewer than three in 10 people will leave any sort of inheritance, and those that do will average just \u00a3191,000. That is far below the current threshold for paying inheritance tax (IHT), which is \u00a3325,000 for a single person and twice that for a married couple, so not a penny from their estates will be heading into HM Revenue & Customs\u2019 (HMRC) coffers. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Why fear inheritance tax? Your cash will all be gone<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Research by Prudential shows less than 30% of people expect to be able to leave...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-15450","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-41c","jetpack-related-posts":[{"id":75495,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/we-need-more-inheritance-tax-not-less-patrick-collinson\/","url_meta":{"origin":15450,"position":0},"title":"We need more inheritance tax, not less | Patrick Collinson","date":"December 30, 2017","format":false,"excerpt":"\r Few things are liable to cause more anger than proposing a hike in IHT. Yet that\u2019s just what the country needsThere is nothing more natural, we\u2019re told, than a parent\u2019s desire to leave money to their kids to ensure their security. And there\u2019s nothing that provokes more fury among\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121567,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/inheritance-is-a-problem-parents-on-what-they-will-leave-to-their-children\/","url_meta":{"origin":15450,"position":1},"title":"\u2018Inheritance is a problem\u2019: parents on what they will leave to their children","date":"August 20, 2021","format":false,"excerpt":"\r Following Daniel Craig\u2019s remarks that he will spend his money or give it away, we asked readers what their plans areDaniel Craig has become the latest celebrity to say that he will not be leaving all his fortune to his children, remarking that \u201cinheritance is distasteful\u201d.Six people who are\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":22644,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/inheritance-tax-why-the-new-duke-of-westminster-will-not-pay-billions\/","url_meta":{"origin":15450,"position":2},"title":"Inheritance tax: why the new Duke of Westminster will not pay billions","date":"August 11, 2016","format":false,"excerpt":"\r The fact that Hugh Grosvenor\u2019s estate is held in a trust means that his \u00a39bn inheritance is likely to remain largely intactHad the Grosvenor estate bequeathed to the new Duke of Westminster been liable for 40% inheritance tax, the amount owed to the Treasury would have been not far\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10182,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tories-1m-inheritance-tax-break-aimed-at-wealthier-households\/","url_meta":{"origin":15450,"position":3},"title":"Tories\u2019 \u00a31m inheritance tax break aimed at wealthier households","date":"March 17, 2015","format":false,"excerpt":"\r Sensitive papers reveal plans that would allow parents to pass a main property worth up to \u00a31m to their children without paying any inheritance taxGeorge Osborne has drawn up plans that would allow parents to pass a main property worth up to \u00a31m to their children without paying any\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":22648,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/five-common-inheritance-tax-myths-exploded\/","url_meta":{"origin":15450,"position":4},"title":"Five common inheritance tax myths exploded","date":"September 8, 2015","format":false,"excerpt":"\r Progressive or punitive, inheritance tax divides opinions. Harvey Jones takes a look at a tax that is a political minefield and a moral mazeTo some, inheritance tax (IHT) is the most hated tax in Britain. To others, it is an engine of social fairness and wealth distribution. And to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":139360,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/will-ditching-inheritance-tax-make-british-society-a-fairer-place-letters\/","url_meta":{"origin":15450,"position":5},"title":"Will ditching inheritance tax make British society a fairer place? | Letters","date":"September 28, 2023","format":false,"excerpt":"\r Richard Cooper, Miles Dean, Mike Holland and Timothy A Millea on the merits or otherwise of IHTScrapping inheritance tax sounds like a costly mistake, but it\u2019s a noble idea (Scrapping inheritance tax would cost \u00a315bn a year by 2032, says IFS, 27 September). If all personal income, including legacies\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/15450"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=15450"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/15450\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=15450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=15450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=15450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}