
“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:
That 3-D Printed Gun? It’s Just the Start
Ca. Democrats want businesses to give half their tax-cut savings to state
In Fed and Out, Many Now Think Inflation Helps
Kenyans outraged at MPs' six-figure, tax-funded World Cup 2018 trip
Obama Presses for Action on Bank Rules
Sonic 'lasso' catches cells and moves them around
Police Fatally Shoot Okla. Man While Forcibly Rescuing Him From Flood
Hundreds stranded by French air traffic controller strike
Cyprus sees more stability, even bitcoin innovation
Chinese regulator vows share support after markets tumble 8.5% in a day
Ayahuasca-drinking shamans in Peru give Obama the win
Glenn Greenwald: US investigates possible WikiLeaks leaker for 'communicating with the enemy'
Turkish gold trade booms to Iran, via Dubai
Female inmates sterilized in California prisons without approval
Refillable electronic cigarettes face EU ban