Inheritance Tax rule change
June 17th, 2007 by john
From 1 June 2007, HMRC rules mean that anyone setting up a discounted gift trust for Inheritance Tax avoidance needs to take care over “medical underwriting”. It’s always been a matter of debate as to whether or not the “discount” is something a life office can decide, or whether it’s a matter of fact. The new rules are clear - get medical evidence at the outset to prove the health of the settlor. Don’t try Inheritance Tax planning on the cheap!
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Posted in Inheritance Tax |