#inheritance-tax

#inheritance-tax

The proposed tax, which came from the country's left-wing Social Democrats party, would have taxed all inheritances and gifts of more than 50 million Swiss Francs, or about $62.3 million, at a rate of 50 percent. Ahead of the vote, Swiss billionaire Peter Spuhler told Swiss newspaper Tagesanzeiger that his family would struggle to pay an inheritance tax as their wealth is tied up in several companies, including train manufacturer Stadler Rail, which he founded. Spuhler threatened to leave the country if the tax passed.

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

It should come as a surprise to precisely no one that selling a property in France is a time-consuming and bureaucratic process. Here's exactly how the process works and the legal steps you need to complete.

A campaigning "patriotic millionaire" has urged the Liberal Democrats to get behind a new wealth tax, as the party debates how to position itself on the economy. Mark Robinson, who joked to activists he was the "most left-wing man in commercial real estate", welcomed the party's call this week for a windfall tax on big banks. But he argued the projected 7bn a year raised under the policy was a "drop in the ocean" compared to "properly" implemented taxes on wealth.

With the public sector spending an estimated £5 billion a year on food, the pledge was billed as a potential multi-billion-pound lifeline for farmers. However, data obtained by the Countryside Alliance shows that only two government departments currently source a majority of their food from Britain: the Foreign, Commonwealth and Development Office (80%) and the Department of Health and Social Care (72%).

"Inheritance tax is the most resented tax we encounter - and for good reason. It's viewed as a double taxation on assets that have already been earned, saved, and taxed over a lifetime."

Over the past three years, families have made more than 18,000 claims for overpaid inheritance tax (IHT), with property sales contributing significantly to these claims.

"Despite significant pushback from the industry, pensions will now form part of inheritance tax calculations," he said. "This places yet another burden on grieving families."