HMRC saw a boost in inheritance tax receipts at the start of the tax year, with intake rising to £5 billion between April and October 2024, up 11% annually. Chancellor Rachel Reeves’s Autumn Budget aimed to increase IHT bills by freezing thresholds and reforming reliefs, leading analysts to predict a further rise in receipts. Changes such as the reform of agricultural and business property relief and the inclusion of inherited pensions in IHT may prompt wealthy individuals to rethink estate planning strategies.
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Investors should rise with the dawn of the African century
Africa has faced economic challenges due to falling commodity prices and the Covid shock, but the continent's GDP growth remains strong. Demographics, with a youthful population and potential for labor cost advantage, are driving economic growth and political change. Reforms, including the African Continental Free Trade Area, are leading to increased foreign investment in areas such as technology and finance, positioning Africa as an attractive investment opportunity for the future. Full Article
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