In the first in a series of articles from Canada Life's technical team, Paul Thompson, tax & estate planning consultant, looks at some of the most common IHT planning complications.
On the face of it, inheritance tax (IHT) is pretty simple: make chargeable transfers, either during lifetime or on death and, if the total over seven years exceeds the nil rate band (NRB), tax is payable....
And then prepare yourself
Aims to double client base
Work with wealth management team
Reduces chances of rate hike
'Following the letter, but not the spirit, of the rules'