Start planning early

WAY Investment Services' Mark Benson gives an update on how the Budget 2011 affected inheritance tax planning.

I think it would be inappropriate so soon after the Budget not to start with a brief Budget update. From an inheritance tax (IHT) perspective a brief update is all that can be given as the potential for any substantial revision of this tax gave way in the interest of continuing the truce struck when the coalition government was formed last year. In our view this situation is likely to continue for the term of this parliament. The two parties have done their negotiating on IHT and do not want to reopen the dispute when there is plenty else to worry about. Although there were reasonable...