A growing area for advisers to cultivate

TAX

Estate planning is a good area for advisers to cultivate because as the subject grows ever more complex solicitors and financial planners are focusing on other areas

During the past three terms of the current Government, a whole raft of anti-tax avoidance legislation has been introduced to patch the holes in the 1984 Inheritance Tax Act. While this strategy has undoubtedly made estate planning a far more complex affair, it is a mere reaction to court reverses rather than the root and branch radical overhaul expected during the government's current term in office. Indeed, given the Labour Party's stated commitment to boosting revenue generated from IHT, it is surprising that the current make and mend approach to tax avoidance has persisted for so long. ...