New rules, old game

The classic view is that there are three ways to mitigate inheritance tax; to give away all your assets; to fund payment of the tax, usually by an insurance policy written in trust and so outside the estate, and thirdly to SKI. This last is not the traditional use of the word SKI rather it is "Spending the Kids Inheritance". All of these three views have their supporters. We all make gifts to a greater or lesser degree. Some of us choose to fund the IHT liability on the basis that every payment of the annual insurance premium is contributed to by the Treasury. If that money had remained i...