Specialists from law firm Birketts and accountancy firm Ellacotts offered guidance on recent inheritance tax changes during a webinar on 13 May.
Changes to agricultural property relief and business property relief took effect on 6 April. These adjustments limit the previous full 100 percent relief on the first £2.5 million per person, with 50 percent relief applying thereafter. The rules affect equestrian businesses in specific ways depending on their operations.
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Treasury Cabinet Secretary John Mbadi has confirmed that the government’s earlier proposal to raise the PAYE tax-free threshold from KSh 24,000 to KSh 30,000 remains under consideration, despite its absence from the draft Finance Bill 2026.
The Left Party has uncovered a legal tax loophole that exacerbates wealth inequality between East and West Germany. In the eastern states, there has been no inheritance or gift of business assets exceeding 26 million euros in the past five years. All 105 applications for tax relief since 2021 originate from the old West German territory.
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The Central Board of Direct Taxes (CBDT) has issued Income-tax Rules, 2026, aligning with the new Income-tax Act, 2025, effective from April 1. Changes include higher thresholds for mandatory PAN quoting, unified forms, and new exemptions for salaried employees. Tax experts suggest the old regime may offer advantages for middle-income earners.
Independent workers have struggled for days to complete their 2025 income declarations due to a new calculation method. It requires computing a 'super brut' that includes net income and social contributions.
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Egypt’s Finance Minister Ahmed Kouchouk announced the mid-April launch of a mobile app offering full real estate tax services electronically, from registration to payment. He spoke during an open discussion with officials from real estate tax regions and offices. Officials also detailed new exemptions, incentives, and procedural simplifications.