Abolishing inheritance tax 'will not solve anything'

Sam Robinson says IHT can be ‘legally avoided’ with a trust

Sahar Nazir
clock • 1 min read

Abolishing inheritance tax (IHT) “will not solve anything”, according to Almond Financial adviser Sam Robinson.

Speaking to Professional Adviser, Robinson explained that abolishing IHT is futile given that clients will be paying tax regardless. With former chancellor Nadhim Zahawi describing IHT as "morally wrong" earlier this year, there have been several calls for a reform. The government netted £2.6bn from IHT between April and July 2023, which was £0.2bn higher than in the same period a year earlier, HM Revenue & Customs said. Robinson described this as "a huge amount of money which can be legally avoided" by placing assets within a trust. He added that many "asset rich and cash poor"...

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