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Brown addresses the misuse of Sipps to purchase second homes

The misuse of Sipp schemes to purchase second homes will be addressed in a publication addressing anti-avoidance and fraud measures according to Chancellor Gordon Brown.

The publication published today will also include new requirements for disclosure and will address artificial tax arrangements involving capital gains and losses, trusts and offshore companies and rebated oils.

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Abbey shakes up protection marketing team

Abbey is undertaking a “redeployment” exercise in its protection marketing team based, offering staff the option of moving to its insurance and asset management division.The Glasgow based team, currently of around 15, will reduce to a skeleton team, likely to relocate to Milton Keynes, although Abbey insists “only a very small number will be affected.”Final […]

Canada Life annual IHT survey results

75% of wealthy unaware of new residence nil rate band IHT allowance Just 4% were aware the new allowance will be up to £175,000 per individual Lack of awareness of IHT rules means families risk paying a bigger bill than they need 83% think the current inheritance tax rules are far too complex A remarkable […]

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