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Paul Wilcox: "The G&L arrangement is so flexible and, with those in the know, so popular, it remains probably the most-used IHT mitigation arrangement offered in the UK today."
Not only does the 'gift and loan' IHT strategy not use any valuable allowances, explains Paul Wilcox, it is uncontroversial because it does not use any 'fancy footwork' or legislative loopholes either
Recent times have seen a great deal of media focus around long-term care on the one hand and ‘deliberate deprivation' on the other - in both cases, as they relate to inheritance tax (IHT) planning...
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