From: JimBob
Newsgroups: uk.finance
Subject: 'New' IHT rules is no concession.
Date: Wed, 10 Oct 2007 00:53:45 -0700
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The headline grabbing 'concession' whereby IHT threshold is doubled is
no concession at all.
These new limits were already available to all. Many people who are
switched on (or are sensible to take profesional advce) had already
set up a simple mechanism to utilise both Nil Rate Bands on the final
disposal of their property.
This is a simple mechanism called a Discretionary Will Trust and which
can be set up at very low cost by modifying ones will.
How cynical can Gordon Brown and his lackey chancellor get?
It proves once again that if you are sensible, take advice, work hard
and save you will get robbed by Labour.
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