Proposal to cut IHT gifting rule to five years 'a bald tax grab'
Taper scrap also proposed
“The OTS rightly acknowledges that the seven-year taper rule is hideously complex" - AJ Bell's Laura Suter
Government proposals to cut the seven-year gifting rules on inheritance tax down to five looks like a "bald tax grab and revenue-raising move", AJ Bell personal finance analyst Laura Suter has said.
In its Inheritance Tax Review - second report, the Office of Tax Simplification (OTS) has suggested the seven-year period during which a lifetime gift may become subject to inheritance tax (IHT) is too...
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