The second first Inheritance Tax criminal prosecution
Originally sent: January 31, 2006This month there was an announcement in the Government News Network of the first successful criminal prosecution in England of an inheritance tax fraudster. Shaun Gray ?forgot? about around a half million pounds of assets when submitting the accounts of an estate for which he was executor. He also fraudulently changed the will to include himself as the main beneficiary.
Now those of you who religiously follow my e-mail journal could be forgiven for feeling a sense of d?j? vu at this point. What about the case of John Lamberton in 2004? Wasn?t that the first inheritance tax case? Well, yes, it was ? but that was in Scotland. And remember the English and Scottish legal systems are not exactly the same. So we now have the first English case.
But first or second, and slightly different legal system or not. the moral is the same. Don?t try to cheat the public purse! Besides the morality of the issue, it is simply not worth getting involved in schemes unless you are 100% certain they are legal.
If you want to ensure you keep abreast of what is happening in the rapidly changing world of tax, perhaps you should start attending our Training Days. And if you want to stay ahead of the pack and ensure your business becomes more and more profitable why not join one of our very successful coaching programmes?
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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