Neil MacGillivray: Shifting through the gears of gifting
Few ‘gifters’ motivated by IHT
Neil MacGillivray: "It may require a significant amount of encouragement to get clients who have a potential IHT liability to engage with the issue."
With a government report suggesting just 1% of 'gifters' are primarily motivated by tax-planning concerns, Neil MacGillivray argues there is plenty of opportunity for advisers to encourage clients to think about IHT
HMRC's recent study, entitled Lifetime gifting: reliefs, exemptions, and behaviours, set out to explore peoples' awareness of inheritance tax (IHT) rules and exemptions and to what extent these factors...
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