Analysis by NFU Mutual has predicted that IHT receipts are
set to hit record highs. HMRC took in £3.7bn in IHT receipts
between April and November, according to the research. Last year,
the Treasury took in a record £5.2bn from the tax. Sean
McCann, chartered financial planner at NFU Mutual, said: "The
latest numbers from HMRC show people are passing on more and more
to the taxman rather than their loved ones."
Daily Mail,
IHT has often been described as a voluntary tax. Despite recent
efforts by HMRC to tighten up the rules, it remains quite easy to
avoid with relatively simple planning but there are traps which
will catch the unwary or ill advised.
UK expats, even those who have lived abroad for many years often
remain UK domiciled so need to plan accordingly. This article
focuses on planning opportunities for them and UK residents of all
nationalities.
