The Labour government has announced a significant climbdown on its policy of inheritance tax for farmers following a major backlash. The Department for the Environment, Food and Rural Affairs (DEFRA) ...

The largest generational wealth transfer in Canadian history is upon us, with baby boomer parents expected to pass $1 trillion in assets to their gen-X and millennial children by 2026. Yet despite ...

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 ...

Simply sign up to the UK tax myFT Digest -- delivered directly to your inbox. Fewer farmers will start paying inheritance tax from April after UK ministers were forced into a £130mn climbdown by a ...

Government proposals to tax inherited farmland have been watered down, with the planned threshold increasing from £1m to £2.5m. The climbdown follows months of protests by farmers and concern from ...

Farmers from north-east England and Cumbria have described the government's decision to raise the proposed threshold for taxing inherited farmland as "a relief" and "a step in the right direction". At ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Chip Stapleton is a Series 7 and Series 66 license holder, CFA Level 1 exam holder, and ...

Jane Meacham has 40 years' experience researching, writing, and editing financial content. She previously worked at Dow Jones & Co. in the U.S. and Asia, and is certified in Global Reporting ...

If you inherit an IRAs, you may need to take required minimum distributions (RMDs). Spouses may delay RMDs or opt for life expectancy payouts; others face stricter timelines. Non-spouse heirs ay need ...

Once a person has addressed the emotional questions around what to do with the inheritance, I can begin to create a custom financial action plan. Educating people about their new wealth is part of ...