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Budget 2014: Osborne waives inheritance tax for emergency workers
by Max Skjönsberg on Mar 19, 2014 at 13:08
Chancellor George Osborne has waived inheritance tax for people working in the emergency services.
He said in his Budget speech that he would waive inheritance tax 'for those who give their lives protecting us’.
The current rate of inheritance tax is 40% on the value of an estate above the nil-rate amount of £325,000.
In an attempt to help emergency services, Osborne (pictured) also said he would relieve the VAT on fuel for Air Ambulances and Inshore Rescue boat services across Britain, and provide a new air ambulance for London.
In a related announcement, Osborne said he would continue to direct the proceeds from Libor fines to military charities.
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by Michelle Abrego on Jul 30, 2014 at 14:57