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tax avoidanceGuardian
•
76% Informative
Super-rich are being advised how to use a loophole in pensions investments to shelter their wealth from Labour ’s clampdown on large-scale tax dodging.
Undercover filming suggests multimillionaire UK residents are being pitched offshore products said to legally protect their fortunes from inheritance tax ( IHT ) and capital gains tax ( CGT ).
Pension schemes have long been exempt from IHT in the UK .
QNUPS which are sold by a range of different companies focus their sales pitches on the tax savings.
The new Labour government is considering introducing changes to the way the exchequer collects inheritance and capital gains taxes.
Inheritance tax raises about 7.5bn a year but the levy is relatively simple to avoid.
VR Score
70
Informative language
63
Neutral language
63
Article tone
informal
Language
English
Language complexity
51
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
10
Source diversity
8
Affiliate links
no affiliate links