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....
To promote 'long-term investment'
Switching 'hard and expensive'
Smaller funds still packing a punch
To drive progress