Does the regime distort decision-making?
Posted by mostafa on 6 February, 2018
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This item was filled under Tax
The chancellor of the exchequer has called for a review of inheritance tax, asking the Office of Tax Simplification (OTS) to make sure the system is ‘fit for purpose’.
In a letter to the OTS, Philip Hammond called the regime ‘particularly complex’ and requested proposals to simplify it. He said the review should also focus on how the gift rules interact with the …