Estate Planning: Benefits and pitfalls

Robert Keylock provides an update on the usefulness of discounted gift plans after Watkins v HMRC [2012] The main potential inheritance tax benefit of DGPs is the immediate inheritance tax discount where the donor’s life expectancy is such that the annual payments have some value.When the tax on pre-owned assets came into force in April …
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Cases Referenced

  • Bower v HMRC [2009] WTLR 619
  • Watkins & anor v HMRC [2012] WTLR 677