Will inheritance tax burst your support bubble?

All of us have had to change our behaviour as a result of the COVID-19 pandemic. We have also learnt a new language. Working from home is the ‘new normal’ for those of us fortunate enough to be able to do it. Social distancing can seem rather anti-social. Friends and family may have been shielding and, where permitted, we have formed support bubbles. But there may be tax traps associated with our changes in behaviour.

Elizabeth Neale, Partner, in our private wealth team discusses this in an article for ePrivateclient.

The full article is available to subscribers, here.