The idea that HMRC can demand changes to tax arrangements without the ability to go to a Court or Tribunal are really scary http://www.moneymarketing.co.uk/politics/hmrc-to-get-power-to-demand-changes-to-tax-arrangements/1052837.article Yet another civil liberty taken away! If politicians draft duff legislation they should redraft it or formulate a legal argument with the judiciary to clarify any grey areas. I am concerned that some good people will complete some legitimate inheritance tax planning only to spend a lot of money clarifying the position in the British Courts. rnrnThis information is intended to provide a general review of certain topics and its purpose is to inform but not to recommend or support any specific investment or course of action. The tips may not apply, or be suitable, to everyone and you should contact us for advice if you are unsure whether this is the case.rn
