The Office for Tax Simplification (OTS) has made numerous proposals to change the complicated tax system over the years. Despite this, the government’s “highly anticipated” response on Inheritance Tax (IHT) and Capital Gains Tax (CGT) reforms is muted at best.
Many within the private wealth sector are seeing this as a missed opportunity to make much needed changes to simplify these complicated taxes.
One of these is Katharine Arthur, a partner and head of private client ...