HM Revenue & Customs (HMRC) has announced details of its new disclosure initiative whereby those with unpaid taxes linked to offshore interests may settle their UK tax liabilities at favourable penalty rates.
You’ll be happy to hear that this is not another article about Sir Fred’s pension, but rather, this is a brief review of how the recession can give rise to opportunities for inheritance tax (IHT) planning.
Recent unexpected changes to the way the taxman applies inheritance tax rules mean people must be even more careful when planning their will, according to Howard Burns, wills and probate partner at law firm Lewis Hymanson Small. Click here to read the full article.
Howard Burns is wills and probate partner at national law firm Lewis Hymanson Small. Here, he gives advice about how to limit the inheritance tax burden, following changes to the rules.
Advisers who are up to speed on the issue of inheritance tax mitigation can offer a range of solutions and have a great opportunity to add real value to both existing and new clients, says Gerry Warner
The latest tax changes emerging from this year’s Budget have raised several issues concerning high net worth individuals, with the treatment of non-doms being of particular interest.