Family investment companies, discretionary trusts, growth shares, offshore bonds... Sam Inkersole (BKL) considers what can be done within the current rules to pass wealth to the next generation and ultimately shield it from IHT.
During the recent election Labour and the Conservatives could not have been more different in their views on IHT. In the run up to the General Election the Conservative Chancellor described the tax as unfair and ‘profoundly anti-Conservative’ but there was no mention of their plans for IHT in their manifesto. Labour outlined that they would enhance the changes to the non-dom rules which could bring more individuals into the IHT net and have suggested tweaks to the current rules to reduce inheritance tax avoidance through the use of offshore trusts.
Rumours of imminent tax changes are also awash with an article in The Telegraph (24 July 2024) titled...
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Family investment companies, discretionary trusts, growth shares, offshore bonds... Sam Inkersole (BKL) considers what can be done within the current rules to pass wealth to the next generation and ultimately shield it from IHT.
During the recent election Labour and the Conservatives could not have been more different in their views on IHT. In the run up to the General Election the Conservative Chancellor described the tax as unfair and ‘profoundly anti-Conservative’ but there was no mention of their plans for IHT in their manifesto. Labour outlined that they would enhance the changes to the non-dom rules which could bring more individuals into the IHT net and have suggested tweaks to the current rules to reduce inheritance tax avoidance through the use of offshore trusts.
Rumours of imminent tax changes are also awash with an article in The Telegraph (24 July 2024) titled...
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