Neil MacGillivray: Is the abolition of IHT on its way?

Receipt-based scheme

clock
Neil MacGillivray: "For those individuals who have held off making gifts for IHT planning purposes, now may be the time to act. Definitely a case of better the devil you know."
Image:

Neil MacGillivray: "For those individuals who have held off making gifts for IHT planning purposes, now may be the time to act. Definitely a case of better the devil you know."

If the current IHT regime's days really are numbered, writes Neil MacGillivray, then advisers with clients who have held off making gifts for IHT planning purposes may want to get them to act sooner rather than later

When Chancellor of the Exchequer Philip Hammond wrote to the Office of Tax Simplification (OTS) in January asking it to review inheritance tax (IHT), one had to wonder what the outcome would be. On...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Tap into our community intelligence through our regular Pro Adviser poll.
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Tax planning

The double benefit of leaving a gift to charity through a will

Neil MacGillivray: The double benefit of charitable gifting through a will

Legacy tax benefits

Neil MacGillivray
clock 11 January 2022 • 3 min read
Les Cameron: "As we enter a new calendar year we also are entering the run-up to the end of what is the most important year. The tax year of course."

Les Cameron: Pay attention to the run of the mill to avoid the tax chill

Getting ready for tax-year end

Les Cameron
clock 05 January 2022 • 7 min read
Neil MacGillivray: A complex and expensive mess - the McCloud judgment

Neil MacGillivray: A complex and expensive mess - the McCloud judgment

Tax adjustments

Neil Macgillivray
clock 16 December 2021 • 4 min read