HMRC rakes in record high of £7.1bn in IHT receipts
It is ‘no longer a tax only on the wealthiest estates’
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It is ‘no longer a tax only on the wealthiest estates’
Decision will be ‘welcomed by taxpayers and their advisers’
Advisers should take specialist tax advice, warns trust and estate planning expert
UK taxman has returned to its previous approach following industry concerns
Following an ‘innocuous’ change in process from HMRC
Decision will result in ‘significant tax consequences’ for members
UK government ‘is likely to continue to invest in this high-end form of tax enforcement’
AJ Bell says abolishing the lifetime allowance ‘comes with a nasty sting in the tail’ for others
They have been labelled the ‘next sensible step in tax management’
Total value of overpayments since pension freedoms nears £1bn
Clients encouraged to make more efficient use of allowances
But this should not become a justification for cuts