Corbyn: £1m IHT threshold is 'a tax break for the richest'

CityWire: Labour leader Jeremy Corbyn has called for a 'graded' inheritance tax (IHT) regime arguing that the current rules allow the 'very rich to become richer'.

Full story: http://citywire.co.uk/new-model-adviser/news/corbyn-1m-iht-threshold-is-a-tax-break-for-the-richest/a844673?ref=new-model-adviser-latest-news-list

Labour to 'redistribute wealth' with middle class tax raids

Daily Telegraph: The shadow chancellor, will set out an economic plan that will include an income tax hike, scrapping the Conservative inheritance tax reforms.

Full story: http://www.telegraph.co.uk/news/politics/Jeremy_Corbyn/11894989/Labour-to-redistribute-wealth-with-middle-class-tax-raids.html

Treasury to ‘struggle’ if non-dom consultation waylaid

International Adviser: The UK Treasury accidentally alerted the public to a long-awaited consultation paper on the tax treatment of non-domiciles, despite the document not yet being in the public domain.

Full story: http://www.international-adviser.com/news/1025016/treasury-struggle-dom-consultation-waylaid

Tax specialists criticise use of DOTAS against IHT planning

STEP: New measures extending the disclosure of tax avoidance schemes (DOTAS) regulations to cover inheritance tax planning have been sharply criticised by the Chartered Institute of Taxation (CIOT).

Full story: http://www.step.org/news/tax-specialists-criticise-use-dotas-against-iht-planning

A non-dom speaks: ‘The Swiss, Hong Kong, the Singaporeans, they are all saying “Come”!’

The Spectator: Indian magnate Nirmal Sethia on what the English get wrong about tea and taxation.

Full story: http://www.spectator.co.uk/features/9642972/a-non-dom-speaks-the-swiss-hong-kong-the-singaporeans-they-are-all-saying-come/

New twist in IHT rules allows non property owners to gain

International Adviser: People do not need to own a property to take advantage of the new UK inheritance tax rules, according to a detailed technical note released by HM Revenue & Customs.

Full story: http://www.international-adviser.com/news/1024957/twist-iht-rules-allows-property-owners-gain

Proposed amendments to clarify UK Finance Bill's residence nil-rate band for homes left in trust

STEP: Last week the government proposed amendments to the Finance Bill clauses introducing a new inheritance tax (IHT) residence nil-rate band (NRB) for deaths from 6 April 2017, to clarify the treatment of family residences left in trust.

Full story: http://www.step.org/news/proposed-amendments-clarify-uk-finance-bills-residence-nil-rate-band-homes-left-trust

Boodle Hatfield slashes real estate costs post move south of the river

The Lawyer: London private wealth boutique Boodle Hatfield has fallen from the top of the UK 200 real estate costs table following its move last year from Mayfair to south of the river.

Full story: http://www.thelawyer.com/analysis/the-lawyer-business-leadership/business-leadership-news/boodle-hatfield-slashes-real-estate-costs-post-move-south-of-the-river/3038976.article

How does UK inheritance tax compare with that in other countries?

The Guardian: We looked at the laws around the world to find out how much people pay.

Full story: http://www.theguardian.com/money/ng-interactive/2015/sep/17/how-does-uk-inheritance-tax-compare-with-that-in-other-countries

HMRC nets £1bn from tax avoidance crackdown

CityWire: HM Revenues & Customs (HMRC) has collected £1 billion from users of tax avoidance schemes after introducing new rules to collect disputed tax upfront.

Full story: http://citywire.co.uk/new-model-adviser/news/hmrc-nets-1bn-from-tax-avoidance-crackdown/a841855?ref=new-model-adviser-latest-news-list

Clubs urged to advise their players on tax

Private Client Adviser: Some former footballers will have to sell their homes to pay disputed tax to HMRC. The vast majority of professional football clubs in England and Scotland (85 per cent) do not take an active role in their players' tax affairs, potentially exposing them to illegal tax avoidance schemes.

Full story: http://www.privateclientadviser.co.uk/news/tax/clubs-urged-advise-their-players-tax

Revenue & Customs 'winding down' inquiries into HSBC Swiss tax evaders

The Guardian: After reopening investigation into HSBC clients hiding money in Switzerland, HMRC admits it has still only prosecuted one tax cheat.

Full story: http://www.theguardian.com/business/2015/sep/09/revenue-customs-hmrc-winding-down-inquiries-hsbc-swiss-tax-evaders

Childless people will not get new inheritance tax break, Government confirms

Daily Telegraph: David Gauke insists the extra £350,000 'family home' inheritance tax allowance per couple won't go to those without children.

Full story: http://www.telegraph.co.uk/finance/personalfinance/tax/11855279/Childless-people-will-not-get-new-inheritance-tax-break-Government-confirms.html

TV couple caught up in tax scandal

ICAEW: Strictly Come Dancing co-host Tess Daly and her TV presenter husband Vernon Kay are at the centre of a tax avoidance probe after they invested in a £14m film partnership.

Full story: http://economia.icaew.com/news/september-2015/tv-couple-caught-up-in-tax-scandal

Number of Swiss banks continues to decline

STEP: The number of Swiss banks declined from 283 in 2013 to 275 at the end of 2014, according to the Swiss Bankers Association's (SBA) annual report on the sector.

Full story: http://www.step.org/news/number-swiss-banks-continues-decline

HMRC investigates public attitudes to the IHT process

STEP: HM Revenue & Customs has published some research it commissioned to investigate family members' experiences of the inheritance tax process.

Full story: http://www.step.org/news/hmrc-investigates-public-attitudes-iht-process

KPMG opens a Mayfair members' club to entertain clients

Daily Telegraph: KPMG is opening a private members’ club in Mayfair for entertaining clients who would rather not make the journey to its Canary Wharf headquarters.

Full story: http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/11836535/KPMG-opens-a-Mayfair-members-club-to-entertain-clients.html

Non-doms hit with £6.6bn tax bill

CityWire: UK-based non-doms forked out £6.6 billion in tax bills last year. According to research from law firm Pinsent Masons, this is a 7% increase on the £6.18 billion paid in the 2012/13 financial year.

Full story: http://citywire.co.uk/wealth-manager/news/non-doms-hit-with-6-6bn-tax-bill/a835056?ref=wealth_manager_all_stories_list