The GAAR Advisory Panel has issued an opinion from 30 January 2026 addressing arrangements where companies gift shares to employee trusts to reduce estate values for Inheritance Tax purposes and avoid Inheritance Tax on lifetime transfers. The guidance helps businesses and advisors identify whether such arrangements may constitute abusive tax arrangements under the General Anti-Abuse Rule. This opinion provides clarity on how GAAR principles apply to this specific category of estate planning strategies involving trust structures.
Source: HMRC (GOV.UK) – Read the original