David Glick, director of Edge Investment Management, says investing in the glamorous world of football transfers is a new way of mitigating inheritance tax liabilities.
If, as Benjamin Franklin apparently said, the only things certain in life are death and taxes, the investment industry can at least claim to have 50% of the answer. Death – sadly none of us can do anything about, but as for taxes – and in particular, inheritance tax – there are a number of successful approaches. At the risk of stating the obvious, with each year that passes we are all getting older, meaning that at some point the subject of inheritance tax (IHT) will rear its head. IHT is no longer a tax on the super-rich. Interestingly, HMRC figures suggest that in 2004/2005 some six...
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