HMRC unveils inheritance tax tool
It will ‘prove valuable to those who are unfamiliar with the process and the forms requiring completion’
It will ‘prove valuable to those who are unfamiliar with the process and the forms requiring completion’
People could get back as much as 25% of the payable tax
Majority of advisers expect this trend to continue throughout 2021
Offering is a ‘prudent planning tool’ for investors
Its ‘wishy-washy’ response to the recommendations shows ‘how delicate the situation is’
But only 17% are set to suffer from frozen LTA
Lay people unlikely to know – let alone understand – the hundreds of reliefs, exemptions and allowances
Firm says it is ‘the first of its kind in the market’
‘More people are becoming aware they can reclaim overpaid inheritance tax’
Lack of familiarity with British tax system could harm their financial positions once they relocate
Despite taxman facing covid-related payment issues
Industry ‘still in the dark’ as speculation mounts over future fiscal measures