Spear's quotes Julia Cox on the Autumn Statement providing greater clarity for HNWIs post-election result
min readLabour’s general election victory means Sir Keir Starmer’s touted pledges might soon become government policy.
Trusted advisers across the fields of law, property, tax, and trusts have spoken to Spear’s in the wake of the election victory to share how the non-dom regime, private school fees, inheritance tax, and more might soon be shaped by the new government, and how this will impact high-net-worth and ultra-high-net-worth clients.
Julia Cox, Partner, shares her views with Spear's around inheritance tax:
The Autumn Statement will provide greater clarity for UHNWs on many of these issues, yet pre-emptive action will give clients more options when it comes to reviewing their tax affairs.
We think UHNWs will be taking a serious look at their IHT exposure ahead of an autumn Budget. Many are eagerly waiting to hear when that Budget will actually be announced, but they would be wise to start planning with this in mind now.
Read the full piece in Spear's here.
