Taxpayers are expected to reduce their inheritance tax bills by a record £565m this year by investing in unlisted companies, according to Radius Equity, the provider of tax efficient private equity investments.
Plans revealed by HM Revenue & Customs (HMRC) is set to make inheritance tax planning a bigger challenge for everyone except the super-rich.
The UK and Ireland take the highest proportion of inheritance tax or estate tax of any major world economies, according to research from UHY Hacker Young.
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