Tory IHT plans would 'not end gifting'

Last week the party proposed to abolish IHT and replace it with capital gains tax (CGT). The proposals would raise the seven year period before death for IHT exemption to ten years, which Standard Life says would lead to more gifting through trusts. Julie Hutchinson, estate planning specialist at Standard Life, says: “Just as now, assets might not be best handed-over directly to younger family members so the use of trusts could continue to be prudent. "Accountants, lawyers, stockbrokers and financial advisers would all continue to engage clients in discussions about how best to plan f...