IOMA’s Karen Barretto comments on HMRC’s recently announced consultation on inheritance tax

13/08/2014

Commenting on HMRC’s recently announced consultation on inheritance tax avoidance, Karen Barretto, Head of Technical Services at IOMA said:

“Estate planning is about ensuring that the right beneficiaries receive their inheritance in a controlled manner when they are mature enough to deal with it. Solely avoiding inheritance tax should never be the main driver of estate planning.

“For example, structures such as IOMA’s Legacy Gift Plan ensure relatives have greater control over their estates whilst avoiding the tax uncertainty of other tax planning schemes.”