Evading Inheritance Tax
Originally sent: December 13, 2004Those of you who keep up to date with the Government News Network site cannot have failed to notice earlier this month the successful prosecution of John Lamberton.
This prosecution made legal history. Why? Because it was the first criminal prosecution for Inheritance Tax evasion. Mr Lamberton had transferred his ill-begotten gains offshore, and had even moved to Spain, where he no doubt felt safe beyond the reach of Inland Revenue.
But if you cheat the public purse, you can expect the Treasury to use all the means at its disposal to seek you out and exact retribution. Mr Lamberton was extradited from Spain, and is now serving a seven-year prison sentence.
The moral of this story is that none of us can afford to get involved in any form of tax evasion ? either personally or on behalf of our clients. But actually, there are so many legitimate ways to avoid paying tax it is quite silly anyway even to consider the illegal route of tax evasion.
Adviser Breakthrough Training Solutions Ltd. takes no responsibility for loss occasioned by any person acting or refraining from action, or in consequence of any other person acting or refraining from action, as a result of the material in this article.
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