Keeping up with the changes

Regardless of the era or government, inheritance tax and related legislation, appears to regularly feature heavily on each political party's agenda. The current Government alone has made numerous changes to inheritance tax legislation, introducing Pre-Owned Assets Tax in 2004, changing the relevant property regime in 2006 and most recently creating the transferable nil rate band concept in 2008. With inheritance tax laws evolving, advisers need to keep pace with any changes and adapt or reassess how they advise their clients. While tax advice provided to clients may be the best solution a...