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Borrowing books from your children could trigger inheritance tax bill

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Borrowing books from your children could trigger inheritance tax bill

John Stevenson, Conservative MP for Carlisle, who led the All-Party Parliamentary Group on Inheritance Tax and Intergenerational Fairness, called for a radical overhaul of the inheritance tax system. 

He said the Government should scrap the “gift with reservation” rules, saying: “Rather than look to abolish inheritance tax, the Government should be reforming it so that it is more straightforward and the rates can be reduced. 

“As part of that reform they should seek to remove the gift with reservation provisions. They are overly complicated and distort the tax system with unnecessary complexity. Time for a review and reform.”

Nimesh Shah of accountancy firm Blick Rothenberg described the rules as “facetious” and said: “These examples, while ridiculous, clearly make a point that the person giving away the asset should have minimal use and enjoyment.”

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The Telegraph has joined over 50 MPs in calling for the Government to scrap the death tax

Revenue from the divisive duty has soared to more than £7bn a year as frozen thresholds dragged more grieving families into the net.

Every individual is limited to a £325,000 inheritance tax allowance called the “nil-rate band”, but this has been frozen since 2009, despite rising house prices. 

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CryptoCurrency

Coinbase’s cbBTC surges to third-largest wrapped BTC token in just one week

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Coinbase’s cbBTC surges to third-largest wrapped BTC token in just one week


According to data from CryptoQuant, cbBTC circulation supply has outpaced long-established players seven days after launch. 



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Bitcoin options markets reduce risk hedges — Are new range highs in sight?

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Bitcoin options markets reduce risk hedges — Are new range highs in sight?


Bitcoin options market positioning shifted as BTC price shot through the $60,000 to $63,000 level. 



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CryptoCurrency

Ethereum is a 'contrarian bet' into 2025, says Bitwise exec 

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Ethereum is a 'contrarian bet' into 2025, says Bitwise exec 


Ether price could be on track for another correction into a triple-bottom, marking the beginning of a big rally into 2025.



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Blockdaemon mulls 2026 IPO: Report

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Blockdaemon mulls 2026 IPO: Report


Other Web3 infrastructure platforms, such as Circle, are also mulling IPOs.



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SEC asks court for four months to produce documents for Coinbase

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SEC asks court for four months to produce documents for Coinbase


The financial regulator requested an extension until February 2025 to review “at least 133,582 unique documents” as part of discovery motions with Coinbase.



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‘Silly’ to shade Ethereum, the ‘Microsoft of blockchains’ — Bitwise exec

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‘Silly’ to shade Ethereum, the ‘Microsoft of blockchains’ — Bitwise exec


Ethereum is still home to the most active crypto developers and is the most attractive chain to build applications on top of for big companies, argues Bitwise’s Matt Hougan.



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