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Gordon's Death Tax Net To Kick Into Top Gear In 2008

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Taxman to spy on bereaved
Last Updated: 1:50am BST 26/09/2007
Drive to boost revenue from inheritance tax poised to lead to intrusive investigations and fines, writes Faith Archer
Thousands of bereaved families could suffer intrusive tax investigations and fines, as part of a new drive by HM Revenue & Customs to clamp down on inheritance tax.
HMRC is trawling through financial information such as bank statements and pension plans, to make sure any gifts made during the seven years before the donor's death have been accurately declared. The new crackdown is focused in particular on "lifetime gifts", involving transfers of assets made before the person died. Gifts made more than seven years before the donor’s death are exempt from inheritance tax.

10 years of Miracles will come at a price. This is the true nature of Brownism. You went now its time to pay. Dennis "Pips Squeak"* Healey lives again only this time nearly everyone gets caught by what was the rich man's tax. And HPI made it all possible.


* In his twilight years Dennis has also become known by the nickname "Hairy Ears" due to the extraordinary growth of hair protruding from his ears that rival the Archbishop of Canterbury's eyebrows.

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Stalin is trying to get in quick before he sees an HPC and his raised allowance threshold combine to eat into his IHT take.

Another reason why it is better to cash in and rent in old age. It's a lot less traceable handing over bundles of cash etc than it is leaving it in a house and wait for the IR to come and take their cut.

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