[ad_1] Republicans have long opposed the $7,500 federal tax credit for electric vehicles contained in the Inflation Reduction Act (IRA). Now, it seems President-elect Donald Trump’s transition team has made that a priority with plans to end the tax credit as part of broader tax reform legislation, Reuters reported citing two unnamed sources. TechCrunch has … Read more
[ad_1] Labour has launched a multi-pronged raid on the nation’s wealth, by slapping inheritance tax on pensions and freezing the £325,000 IHT nil-rate band and £175,000 main residence band all the way to 2030. She froze IHT gifting allowances to 2030, too, further eroding their value. But to my astonishment Reeves did leave one IHT … Read more
[ad_1] Labour has launched a multi-pronged raid on the nation’s wealth, by slapping inheritance tax on pensions and freezing the £325,000 IHT nil-rate band and £175,000 main residence band all the way to 2030. She froze IHT gifting allowances to 2030, too, further eroding their value. This makes it even more important to max out … Read more
[ad_1] Sir Keir Starmer has defended Labour’s tax raid on family farms while insisting he wants to support the nation’s food producers. The Prime Minister was asked whether he wanted to urge farmers to halt their plans for militant action in response to Rachel Reeves’ inheritance tax changes at last month’s budget. He said: “I … Read more
[ad_1] Labour’s pensions IHT raid could see some families hand a staggering 67% of leftover pension to HMRC from April 2027, in a brutal double death tax raid. First, the pension company will hand 40% of the pot directly to HMRC on death. Then, if the policyholder died age 75 or over, beneficiaries will pay … Read more