Baroness Trumpington
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Taxation: Inheritance Tax
Baroness Trumpington Excerpts(12 years, 11 months ago)
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Lord Sassoon
My Lords, the Government keep all tax matters under review, but we have no plans, as I have said, to change the law on inheritance tax.
Baroness Trumpington
Although there is to be no review, in the old days I simply signed a piece of paper and gave it to my son to give him power of attorney but now I am told that I have to do it through a lawyer, which will cost me a lot of money. Is that relevant to the review that has just taken place?
Lord Sassoon
My Lords, I do not believe it is relevant to this review, but my noble friend Lord McNally is sitting alongside me and is no doubt listening very hard to the point that my noble friend makes.