Tax Planning Reports
New Inheritance Tax Gifting Rules Proposed
Please note that the changes discussed in this blog are just proposals, not the current law, and may never be implemented. The Office of Tax Simplification (OTS) has proposed several changes to the rules surrounding inheritance gift giving before death. One of these is reducing the number of years before a gift is exempt from…
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Sir Ken Dodd Leaves Wife £27.5 Million in his Will
Sir Ken Dodd may have had the last laugh when it came to his tax affairs. By marrying Anne Jones – his partner of 40 years – days before he died, his family managed to avoid a significant Inheritance Tax (IHT) bill. It has been reported that Sir Ken left his wife a total of…
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Estate Planning Saves Sir Bruce Forsyth’s Family Thousands
Thanks to smart estate planning, Sir Bruce Forsyth has saved his family from a large Inheritance Tax (IHT) bill. By leaving his wife Lady Wilnelia Merced his estate, he managed to avoid a hefty amount of tax being payable on it. Because the couple were married, the legacy Wilnelia inherited was exempt from IHT. She…
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