
“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:
Las Vegas Sands’ Sheldon Adelson ‘Morally Opposed’ to Online Betting
Tobacco, booze, now sugar: the control freaks happily ban everything
Supreme Court rules generic drug makers cannot be held liable for defects
High school students suspended for possession of energy mints
Deputy facing charges of sexploitation in critical condition after fiery crash
Bitcoin Seen as Safe Haven in Brazil Boosts Online Trade
Putin Turns Black Gold Into Bullion as Russia Out-Buys World
Goldfeder wants TSA to park at airport
Britain fights EU's 'Big Brother' bid to fit every car with speed limiter
Valuations of Hong Kong's stock market operator go interstellar
Google’s Android smartphones make up 53.7 percent of U.S. market share
Lasers reveal lost Mayan civilization of 'unimaginable scale'
From North Korea, With Dread
Fake gold bars hit NYC
EBay, Ellison Embrace Microgrids to Peril of Utilities