Is a wealth tax on the cards to fund UK covid-19 recovery?
As 72% of MPs agree taxes should increase to fund public services
IHT
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International law firm sets up shop in Singapore
Office will help ‘build meaningful relationships with clients and intermediaries’
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Navigating the different types of domicile
Number of enquiries to UK taxman have risen due to complexity of the system
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Tax avoidance products ‘in decline’ across the UK
But taxman’s clampdown could see legitimate planning hit as ‘collateral damage’
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Should inheritance tax be deferred?
With many people falling victim to covid-19, any sort of relief could ease financial struggles
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UK businessman loses bid to avoid IHT
Brexit campaigner Arron Banks claimed EU rules meant his political donation was tax exempt
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Inheritance tax untouched by UK chancellor
But budget sees £90,000 increase in tapered annual allowance
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If IHT was cut to 10% – what would it mean for advisers?
Rumours UK chancellor could also introduce a £30,000 cap on gifts in inheritance game changer
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How global families can plan for UK IHT
Tax treaties, recognition of trust structures and different laws make inheritance hard to navigate
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HMRC creates secret unit to go after wealthy families
As it cracks down on inheritance tax avoidance through the creation of private companies
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UK parliamentary group proposes ‘complete overhaul’ of IHT
It has the ‘magical ingredient’ of simplicity and could mean less avoidance
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Stop looking at succession planning just through prism of IHT
More can be gained by emphasising strategy and governance over tax