HMRC's family company investigation could uncover 'shadowy' practices

'Lessons have not been learned' from past mistakes

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Simon Goldthorpe: "You have to be prepared for a thorough investigation, particularly post any significant member's death."
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Simon Goldthorpe: "You have to be prepared for a thorough investigation, particularly post any significant member's death."

The HM Revenue & Customs (HMRC) investigation into family investment companies could uncover a wealth of unpaid inheritance tax currently masked by 'shadowy' practices, an industry veteran has said.

It was recently revealed that the UK's tax authority is investigating the use of family investment companies (FIC) by the very wealthy as a means of avoiding inheritance tax (IHT). Beaufort Group co-founder...

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