Inheritance tax and the acceptance in lieu scheme – Mills & Reeve
‘A 500-year-old miniature Italian Renaissance bronze was recently donated to the Fitzwilliam Museum in Cambridge under the acceptance in lieu scheme – saving the family £10.5 million in inheritance tax. This unique donation is an excellent reminder of HMRC’s acceptance in lieu scheme and how beneficial it can be in inheritance tax mitigation.’
Mills & Reeve, 24th January 2024
Source: www.mills-reeve.com