In Focus: Tax planningMar 3 2023

‘Dearth’ of IHT planning catching out richest families

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‘Dearth’ of IHT planning catching out richest families
Back in April 2017, changes to the Finance Act meant any foreign national owning UK residential property, regardless of their offshore structure, would become liable for 40% tax on death [Hollie Adams/Bloomberg]
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Some of the world's richest families are getting caught out on UK inheritance tax laws due to a lack of basic financial planning, according to one adviser.

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