Inheritance tax (IHT) has always been an emotive subject and the tax system is notorious for being reactive rather than proactive.
We have seen it extended in recent years to cover civil partners as well as married couples and furthermore at the end of 2019 when opposite-sex civil partnerships were introduced. We are only a few weeks into the new year and we’ve now seen a proposed exemption for siblings which has crept under many people’s radars.
At the time of writing this legislation is …
Full Article here – https://www.retirement-planner.co.uk/238679/neil-jones-sibling-rivalry-maybe-not-for-iht?utm_medium=email&utm_content=&utm_campaign=RP.Weekly.EU.A.U&utm_source=RP.DCM.Editors_Updates&utm_term=
Article originally published by ‘Retirement Planner’ regarding the views of Neil Jones, technical director, Tax & Estate Specialist, Canada Life. Greenfields Financial Management is not responsible for its content or accuracy and may not share the author’s views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest.