eprivateclient

Industry reacts to IHT reforms

Katie Royals, 08/07/2019

Following Chancellor Philip Hammond calling for a review of Inheritance Tax (IHT) in January 2018, the Office of Tax Simplification (OTS) has published a report with its proposed changes.

“Simplification was the name of the game for this report and that is a welcome goal,” Rachael Griffin, a tax and financial planning specialist at Quilter explained.

However, she warned “further tinkering” could have the opposite effect.

This is particularly true in relation to the new Capital Gains Tax proposals. Currently there is no CGT on death, meaning if the person inheriting it sells it immediately they won’t ...


Continue reading this article...


Start a free trial now for access to breaking news of the regulatory environment and legislative change happening in wealth management.







You are currently not logged in,
login to view the full article
start by clicking this button.





Need a subscription,
fill out the form here or
contact subs@eprivateclient.com


About PAM

PAM Insight is the world’s leading independent provider of essential specialist news, analysis and comparative data for the fast-evolving world of wealth management.

Read more about PAM

Subscribers

eprivateclient is the leading website and news service for private client practitioners, including lawyers, accountants, trustees and fee-based IFAs.

Read more