“Top Rabbi arrested amid probe into Roman Abramovich’s Portuguese citizenship”

Mar 24, 2022 | Tax, Wills

What a fantastic, un-make-up-able headline; there has to be a film or TV series in it, don’t you think? It does show just how far the web of corruption and dodgy dollars seeped in to every corner and country, where too few or no questions would be asked if the price was right. There are 20 or more years of very tangled webs to untangle if they really want to follow and find the money. Most of which will, by now, be circumnavigating the globe in pretty much untouchable big yachts by now.

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“HMRC scraps plans to tax pensions after death”

“HMRC scraps plans to tax pensions after death”

A couple of other Statement Highlights (in my world, anyway). A welcome ‘nothing happened’ on the treatment of pensions on death. They were never going to be liable to IHT (too complicated with trusts and trust law) but there was talk of making them income-taxable on the recipients at whatever age you die.

“Raising IHT threshold could cost government £6bn”

“Raising IHT threshold could cost government £6bn”

Well, the lesson of this week in politics must be to expect the unexpected. Or, alternative interpretation, to expect more of the same. The speculation on the future of Inheritance Tax has switched from abolition to a rise in the amount of wealth you can have before the 40% payment hits.