Alan Dolton, Editor of Tolley's Tax Cases, describes the House of Lords debate on the Finance Bill
Alan Dolton Editor of Tolley's Tax Cases describes the House of Lords debate on the Finance Bill
The House of Lords discussed the Finance Bill on Monday 17 July. Lord McKenzie of Luton opened the debate and discussed the changes to inheritance tax:
'The Budget announced new rules for two types of trust — known as “accumulation and maintenance” and “interest in possession” — that are currently exempt from the inheritance tax charges that already apply to other types of trust. It has become clear that some wealthy individuals are using these types of trust primarily as a way to shelter their wealth from inheritance tax. The Government believe that it is...
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Alan Dolton, Editor of Tolley's Tax Cases, describes the House of Lords debate on the Finance Bill
Alan Dolton Editor of Tolley's Tax Cases describes the House of Lords debate on the Finance Bill
The House of Lords discussed the Finance Bill on Monday 17 July. Lord McKenzie of Luton opened the debate and discussed the changes to inheritance tax:
'The Budget announced new rules for two types of trust — known as “accumulation and maintenance” and “interest in possession” — that are currently exempt from the inheritance tax charges that already apply to other types of trust. It has become clear that some wealthy individuals are using these types of trust primarily as a way to shelter their wealth from inheritance tax. The Government believe that it is...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
