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Keeping it in the family.
Investors Chronicle - magazine and web content, February, 2008
Faith Glasgow investigates how families can use trusts to reduce inheritance tax and pass more wealth down the generations. Faith Glasgow
UK taxpayers resent inheritance tax more than any other, it seems.
New research by accountancy firm MacIntyre Hudson has found that more than eight in 10 people believe it is the tax most in need of reform, and only 15 per cent consider it to be a fair tax.
More than eight in 10 people would like to see the tax-free threshold increased from GBP300,000 to GBP500,000, while 70 per cent support a GBP1m threshold.
The unpopularity of ...
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