Neil MacGillivray: Simplifying IHT (Part 2) - Cutting through the complexities

In my previous column, I wrote about some of the changes relating to lifetime gifting as recommended in the report Simplifying the design of IHT by the Office of Tax Simplification (OTS). There was a significant amount of content in the 103-page document and I thought it might be worthwhile covering some of the other proposals and how the impact they could have on your clients. As established in my previous blog, it was not all doom and gloom and the positives continue. One specific piece of good news for the life industry is the recommendation that death benefit payments from term life ...