In this three-part series we will be exposing the myths on UK Inheritance Tax Myth 1 – My partner will inherit everything free of UK inheritance tax (IHT) … won’t they? Many people assume that if they are married or in a civil partnership, UK IHT will not be an issue for them when their…
Office of Tax Simplification Report on IHT Issued A view from Rachael Griffin, Old Mutual Wealth Head of Trusts & Technical Solutions. The long-awaited report published by the Office of Tax Simplification (OTS), outlining proposals to simplify the UK’s inheritance tax (IHT) system has finally been published. This article takes a look at the key proposals and…
UK Inheritance Tax, Navigating Complexity Confusing rules surrounding inheritance tax means skilled estate planners are more vital than ever, says Old Mutual International’s David Denton. Inheritance tax (IHT) divides opinion, because it creates the potential for a person’s wealth to be taxed twice; firstly, as it accumulates through income and/or capital gains taxes, then again…