An inheritance tax is levied when a beneficiary inherits assets from the estate of someone who died. There is no federal inheritance tax, but five states currently levy this tax: Kentucky ...

A family has been ordered to pay £176,000 in inheritance tax by the court after wrongly interpreting gifting rules, which they thought would mean they avoided a bill after their father died.

HMRC issued a third more enquiries about inheritance tax last year in a bid to crack down on evasion, according to new data, but most cases were closed with no further action required. There were ...

Giulia Carbonaro is a Newsweek reporter based in London, U.K. Her focus is on the U.S. economy, housing market, property insurance market, local and national politics. She has previously ...

I am about to receive an inheritance. Coincidentally, a credit-card company is suing me for $1,000. If you have any tips for getting them to just accept a settlement instead of the full amount ...

Family farms across the UK face devastating cuts to investment and jobs due to government inheritance tax (IHT) reforms, warns NFU president Tom Bradshaw, responding to a new Family Businesses UK ...

How to tell your children you plan to 'die with zero' and leave them nothing Many Americans are banking on an inheritance from their parents to shore up their financial futures. They may be in for ...

Although this makes the condition highly determined by inheritance compared with other traits, addiction is also more manageable than other inherited characteristics, through treatment and ...

The UK has been warned that its food security is at risk ahead of Labour's changes to inheritance tax (IHT), which are expected to severely impact farmers. Adjustments to Agricultural Property ...

Labour has been urged to delay its controversial inheritance tax raid on farmers by a year. MPs on the Environment, Food and Rural Affairs Committee called on the Government to look again at the ...