In this IIL financial services webinar, Charles Hutton and Denise Li Gates will summarise possible upcoming changes to inheritance tax and capital gains tax, who is most likely to be affected, and opportunities for those people to reduce the impact of those changes on them.

Description

The Government has a number of consultations afoot to examine whether certain taxes are ‘fit for purpose’ and distort taxpayer behaviour. With the added dimension of a pandemic to pay for, it is expected that the Government will be looking very closely at taxes such as inheritance tax and capital gains tax to help plug the growing national debt.

This webinar will outline the most likely changes the government will introduce (increases in tax rates and the restriction or even abolition of certain tax reliefs), the people that are most likely to affected by those changes (such as second home owners and entrepreneurs) and examine possible ways those individuals can mitigate the impact of those changes on them (such a lifetime giving, whether outright or to a structure, or to crystallise currently available tax reliefs).

Speakers

• Charles Hutton, Partner, Charles Russell Speechlys LLP
• Denise Li Gates, Associate, Charles Russell Speechlys LLP

Gain an insight into

• Possible upcoming changes to inheritance tax and capital gains tax
• Who is most likely to be affected by those changes
• Opportunities to mitigate the impact of these potential changes