IHT

The Chancellor will use the Budget to hike capital gains and inheritance taxes to fund Gordon Brown's pledge today not to cut front-line services, Legal and General predicts.

The market for over 50s life cover plans is set to grow and, says James Eaglen, the products are already in the market

Proposed legislation which could pull financial advisers under HMRC's ‘tax agent' banner will only affect those "doing something illegal" and not intermediaries "giving honest advice", HMRC says.

IFAs could face substantial tax penalties if they offer inheritance tax advice, according to the Tax Advice Network.

The Tories have stepped up their onslaught on Labour over social care, claiming that the Government was secretly planning to charge a £50,000 inheritance tax levy on people with estates of £500,000.

Susan McDonald, chief executive of Calculus Capital, says now we are out of recession, investors should consider the benefits of EIS funds.

Kevin Dean highlights the importance of carrying out thorough inheritance tax planning

Margaret Jago discusses the use of discounted gift trusts in inheritance tax planning

Barristers and vets are expected to be the next professionals to come in for scrutiny after HM Revenue & Customs targeted doctors last week.

Death in service benefits can pose tax and pension problems for high earners, while smaller firms have trouble getting underwriting. Jerry Bayman suggests looking at single life Relevant Life policies