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Dastardly Duty may be Demolished

Posted by Sybrand van Schalkwyk, on June 24, 2010

This blog considers the likely consequences if Gift Duty were to be abolished. The Government has recently announced that such a move is being considered. Every practitioner should be aware of this possible shift, as it is likely to have an impact on just about every individual they advise. The Government has said that a period of consultation will be undertaken, and if Gift Duty is to be abolished, the proposal will be contained in a Bill to be released in November 2010.

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