IHT Planning Matters head Peter Legg talks about the current political motivation to clamp down on tax avoidance and what implications it could have for the planning of inheritance tax.
The current atmosphere High net worth clients and their professional advisers (the latter 'morally repugnant' according to our politicians) might be excused for thinking that the opportunities for taking steps to minimise the impact of a 40% inheritance tax charge on their death - or the death of the survivor in due course, depending on their wills - on estates over a relatively modest threshold of just £325,000 are gone. With frequent media outbursts about the "unpatriotic" nature of tax planning by the multinationals and the coming into effect of the new GAAR (general anti abuse rul...
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