The government has seen record high inheritance tax receipts, totaling £4.3 billion in the first six months of the tax year, with a potential for another record year in 2024/25. There are rumors of potential changes in the upcoming Budget, such as tightening exemptions and applying capital gains tax to inherited assets, prompting individuals to review their estate and consider gifting strategies to reduce their IHT bill. Married couples can combine their nil-rate bands to pass on up to £1 million tax-free, while individuals should be cautious about gifting to avoid triggering potential tax penalties.
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Tesla Stock Has Crashed 50% and Investors Just Got Bad News From One of Wall Street's Biggest Bulls
Tesla (TSLA -0.13%) stock peaked at $480 in December but has since fallen 50%, as CEO Elon Musk's political involvement has led to a "brand crisis," according to analyst Dan Ives at Wedbush Securities. Despite previously optimistic projections for Tesla, Ives warns that Musk's actions risk "permanent brand destruction," prompting a cut in the target price to $315 per share. While Wall Street has lowered earnings estimates, Tesla's upcoming ventures into robotaxis and robotics present...
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