Budget 2015: Govt to carry out review into IHT avoidance

The Government is to review the ways in which inheritance tax is avoided through deeds of variation.

A deed of variation is used to rearrange wills, and the most common rearrangements are disclaimers and written variations.

Labour leader Ed Miliband has come under fire for the deed of variation executed following the death of his father in 1994. 

Chancellor George Osborne said the report resulting from the IHT review will be published in the autumn, and will seek “a wide range of views”.

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Comments

There are 2 comments at the moment, we would love to hear your opinion too.

  1. Death & taxes. Trusts next?

  2. So we are seemingly stuck with the ridiculously low £325k nil rate band with no main residence relief as suggested that there might be included and potentially no or restricted Deed of Variation.
    When will George get his act together on alleviating IHT having been thwarted on his £1 million proposition prior to the Lib Dems putting their oar in!

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