LATEST NEWS: Sir Keir Starmer allegedly transferred land to his parents through a trust, ensuring the asset would never be subject to inheritance tax, regardless of its eventual value. By placing a seven-acre field within this structure, its value was excluded from his parents’ estate—which he was a beneficiary of—when they passed away. At the time, Starmer could not have predicted whether the estate would ultimately avoid the tax, or by how much, since any liability depended on his parents’ total wealth and the estate’s available tax-free allowance.
Credit to : GBNews