A recent House of Lords judgement, indicating a softening of attitudes to gay couples, and the incorp...
A recent House of Lords judgement, indicating a softening of attitudes to gay couples, and the incorporation of the European Convention on Human Rights into UK law later this year, might have significant inheritance tax implications. One outcome could be the abolishment of free gift-giving and, in return, the raising of the minimum IHT threshold above £231,000. UK laws have traditionally assumed a partnership to comprise man and wife and this clearly applies to IHT. As this assumption becomes increasingly unrealistic, the Government may be forced into choosing between allowing tax-free gif...
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