07 August 2019
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Neil MacGillivray: "Understanding of how taper relief worked was found to be poor among the general public, in that many think it applies to the value of the gift, when in fact it relates only to the actual tax due."
In the first half of his analysis of the OTS's report on simplifying IHT, Neil MacGillivray warns that while the proposed changes are not as radical as many had predicted, they could still have a major impact on planning
A year and a half after then-chancellor Philip Hammond wrote to the Office of Tax Simplification (OTS) asking it to review the UK's inheritance tax (IHT) system, the office's second report - entitled Simplifying...
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