[Flyboy]

First of all, my father was not exactly wealthy and we did not do it to avoid paying inheritance tax. Secondly, this is all legitimate IHT planning that everyone does and are entitled to do. There is only so far one can go with such planning. Most of it is a deferral exercise anyway, because they will end up inheriting the entire estate and will have to pay the tax in the end. The Tories, however, are attempting to actively help their rich buddies pay even less tax on the estates of their benefactors. The rules that help people mitigate their liability will always be there, in fact, I can quite see that any Tory incumbent will extend those rules to help the wealthy even further, as well as extending the nil rate band.