Yes, I was going to say - 7 year rule. This is of greater benefit the richer you are, because you can more easily afford to give assets away. It surely means that IHT is less of a tax on the very rich and more burdensome on the medium rich. Or their beneficiaries, anyway

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Perhaps it is only unintentionally misleading, but trusts don’t avoid income tax and CGT either. Indeed IIRC they pay the same rates as individuals but without [all] the personal exempt band enjoyed by individuals.

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He doesn't need to; such a tax change would very clearly incentivise the behaviours he suggests. Not to say all pensioners could or would adopt such behaviour, but *many* would.

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It really isn't; human beings respond to incentives. That's very sensible and you absolutely should do so, but many / most people would rather pay the taxman less and leave their heirs more if possible.

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