At GBI Magazine, we have been prioritising our readers views by running a series of question polls across our Twitter account (@GBIMagazine). We love to know what our dedicated readers thoughts are on certain topic areas within the industry, that is why each week we will be asking a range of questions focused on the GBI landscape for you to get involved with.
Our focus in this weeks series of question polls was on IHT and tax-efficient investment schemes, 4 questions were asked and the results of those questions along with the outcomes, can be seen below:
Question One – If IHT rates were to be increased, would you be more likely to recommend investments that benefit from BPR, such as AIM, to your clients?
83.3% voted yes, that they are likely to recommend investments that benefit from BPR, such as AIM to clients.
16.7% voted no, that they are not likely to recommend investments that benefit from BPR. The results proved victorious in favour of recommending investments that do benefit from BPR.
Question Two – If IHT was scrapped, do you think there would be more or less planning opportunities for tax-efficient investment
50% voted for more opportunities, with the further 50% also voting for less opportunities ultimately making it an equal balance.
Question Three – Do you think IHT is a necessary evil, providing valuable income to HMRC? Or is a voluntary tax to be avoided at all costs?
75% voted that they believe IHT is in fact a necessary evil.
25% voted that they believe that IHT should be avoided at all costs
Question Four – Do you think the government will actually scrap IHT, or have they just got election fever?
0% voted that they believe that IHT will likely be scrapped
With 100% voting that they believe IHT will remain.
Overall, it is clear that a large majority of the results from the polls remain in favour of IHT and its benefits.
Our next set of question polls will be going live on our Twitter account this afternoon, so please be sure to voice your thoughts!