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‘Sibling couples’ could be entitled to tax relief

In a letter to the Office of Tax Simplification, Phillip Hammond had instructed government to review the current UK inheritance tax (IHT) system, saying that the IHT system was 'particularly complex' and that the review should focus on technical issues around gift rules.A review of the current IHT system may be welcomed by many, particularly those who feel that the benefits afforded to married couples and civil partners should also be extended in other circumstances, writes Rebecca Waterhouse

To read more, go to Spear's Wealth Management magazine.

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