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The late Lord Jenkins described inheritance tax as ?a voluntrary tax paid by those who distrust their heirs more than they dislike the Inland Revenue?

The best way to avoid that big IHT bill

It is a little known fact that it was the Whig chancellor Sir William Harcourt who introduced the notion of a death duty tax in 1894. The subsequent Inheritance Tax remained unchanged until 1975, when a significant alteration by Dennis Healy made all major gifts throughout an individual's lifetime subject to tax.
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Inside Money

In pictures: Doing the business

  • Paul Doherty, Managing Director of Urban Art with Des Gartland, Manager of Invest NI's North West Regional Office.
  •  At the launch of PricewaterhouseCooper's seminar programme are from left, Gerard Finnegan, from PwC's Derry office, Martin O'Hanlon, Dungannon and John Hannaway from PwC Belfast.
  • Former Miss Northern Ireland and Miss UK, Lucy Evangelista welcomes the news that Chilli's Grill & Bar at Victoria Square will open its first restaurant in Northern Ireland on August 28. The restaurant seats 250 guests, serves authentic Southwest American cuisine and features Northern Ireland's first Margarita bar.

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Columnist Comments

view_from_dublin

View From Dublin: Give us serenity to see out economic turmoil

The famous prayer attributed to the theologian Reinhold Niebuhr asks for the serenity to accept the things one cannot change, and the courage to change the things one can. Shrewdly, Dr Niebuhr also asked for the wisdom to know the difference.

john_simpson

Executive decisions vital to safeguard NI Water’s future

NORTHERN Ireland Water (NIW) is too important as a public utility to be a shuttlecock between uncertain political direction and aggressive regulatory intervention.

view_from_london

View From London: A spoonful of Reaganism can help the inflation medicine to go down

Two weeks ago we learned that retail sales in the UK fell 3.9% in June and that Tim Besley, a member of the Bank of England's Monetary Policy Committee, voted at the last committee meeting for an interest rate increase. This combination is rather intriguing.

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Heading Out In Northern Ireland

Northern Ireland Nightlife in Pictures