Taxing inheritances under the income tax is a great idea — here’s how it could work

The wealthy often avoid earned income, which means they escape payroll taxes entirely and ordinary income rates under the ...

‘I have no paperwork’: My father gave me my mother’s jewelry before he died. Will I owe taxes if I sell?

If the jewelry was a gift from your father, the step-up from your mother’s death probably does not apply to you, because you ...
JD Supra

The One Big Beautiful Bill Act: Key Year-End Tax Changes for Private Wealth Clients - 2025 Year-End Estate Planning Advisory

Below, we highlight the most relevant updates for private wealth clients, incorporating additional insights and planning considerations from recent estate and tax law developments. Top Marginal Tax ...
MoneyWeek

Inheritance tax receipts surge by £200m as more loved ones pay up

Inheritance tax receipts have surged to £5.2 billion in the first seven months of the current tax year as frozen thresholds and higher value assets continue to hit estates, official figures show The ...
NerdWallet

Cost Basis: How It Works, How to Calculate and Examples

Cost basis is the original purchase price of an asset. Tracking cost basis is key to tax-efficient investing. Many, or all, of the products featured on this page are from our advertising partners who ...