Calculate approximate Inheritance Tax (IHT) by factoring in property, investments and cash value, along with the entitled number of Nil Rate Bands (NRB).
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A trust needs to file a tax return if it has a gross income of $600 or more during the trust tax year or there is a nonresident alien beneficiary or if there is any taxable income. An estate needs to file a tax return if it has a gross income of $600 or there is a no...
Frozen tax-free allowances (known as the nil-rate bands) and rising asset values are largely to blame. This effect is known as fiscal drag. The main asset many families pass on is their home, and UK house prices have risen considerably since the nil-rate bands were last increased. These...
Image source: https://mediacentre.hs2.org.uk/resources/rail-minister-and-new-ceo-at-old-oak-common-station-box-to-see-the-two-tbms-preparing-to-build-hs2-to-euston-7 However, this may be down to contractual commitments, and the tunnel boring machines for the Euston Tunnel will have been...