Why the OTS Recommendations are Positive for Intergenerational Financial Planning
- On July 17, 2019
- By Vass Test
Sam Jermy, Senior Business Development Manager, TIME Investments, the long income property and estate planning specialist, explains:
“The Office of Tax Simplification (OTS) has provided a series of recommendations for updating and simplifying Inheritance Tax (IHT) legislation, much of which hasn’t been touched for decades. We feel that the suggested reforms will encourage earlier transfer of wealth between generations, providing much needed support for younger generations who are battling to get on the housing ladder and cope with the present day cost of living.”
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