The ties that bind

I have previously looked at the benefits of using the annual and regular gifts from income exemptions to meet the inheritance tax (IHT) needs of UK expatriate clients. Under the new regime, use of these important exemptions is even more critical. When I speak to those who advise expatriate clients, it becomes clear that many fit a certain profile when you look at their IHT position, which includes the following features: l They tend to be younger; l They have high levels of income and many have not yet built up large amounts of capital; l They are reluctant to commit what capital th...