How one family drama turned into an IHT crisis

It was recently revealed that property tycoon and multi-millionaire, Manny Davidson, gave a generous portion of his estate to his children to pass on his wealth to them early and save them paying inheritance tax (IHT) on the assets at this death. Family relations have soured and Mr Davidson is facing legal proceedings brought by his children over these very assets. This lead him to speak out against IHT planning and encourage parents to keep their assets for themselves. In 1967, Mr Davidson set up a trust fund for his children which has reportedly grown to £600m. He also transferred h...