
“Under plans put out for consultation, HM Revenue & Customs would have powers to subject people minimising inheritance tax to ‘accelerated payment’ laws, meaning they would be forced to pay up front if officials suspect them of using new schemes to avoid tax. Experts have warned that under the rules, taxpayers will be treated as ‘guilty until proven innocent’. Ministers are concerned that growing numbers of people are setting up trusts to shield their estates from inheritance tax. Treasury forecasts suggest that rising house prices and the recovering economy will push tens of thousands more people over the £325,000 threshold for paying the duty.”
Related posts:
Jogger imprisoned for 2 weeks after accidentally entering U.S.
NASA begins selling shuttle launch platforms
China’s Largest Bitcoin Exchange Seeks Recognition for Currency
Eagle Scout Facing Expulsion over Gun Charge
AT&T and T-Mobile embroiled in legal fight over the color magenta
Austrian bank employee drops 90,000 euros into river
U.S. spying still under shadow of Iraq intelligence failures
SpaceX to launch radar satellite network for Germany
Jim Rogers: Gold Could Fall To $900, India To Blame For Correction
Russia to vote on banning U.S. adoptions
Assad did not order Syria chemical weapons attack, says German press
Apple patent filing reveals digital wallet system
Fresh Trump tariff threats against China now target $200 billion in goods
Survival Tips From the World's Second Oldest Bank
Currency Market Unsettled by Trader Exits on Lawsky Probe