Neil MacGillivray: When did good tax planning become a loophole?

IHT planning

clock • 4 min read

After spotting an odd headline about inheritance tax (IHT) in a national newspaper, Neil MacGillivray wonders when efficient tax planning began to sound so suspect...

A recent article in The Telegraph with the headline 'How to avoid IHT in the UK - seven legal loopholes to cut the cost in 2022' piqued my interest. What tax planning strategies could they be alluding to? After all, a loophole is where there's ambiguity, or an inadequacy, in the law that can be exploited. Not something I feel a mainstream publication would wish to actively promote, or was I being too literal? As I worked through each of the seven suggested strategies, all were fine, but I think it safe to say they all just make maximum use of planning opportunities that the current rules...

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