Site RSSInheritance tax - the Revenue seeks to attack tax planning in wills.
The Phizackerly case, widely reported in the press, concerned the liability to inheritance tax in relation to a particular estate. HM Revenue & Customs sought to recover inheritance tax (IHT) from an estate where commonly used tax planning measures had been incorporated by a couple in their wills. Although the Revenue won, the application of [...]
[click here read more]Posted: July 4th, 2007 under Trusts Wills and Estates.
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