Island firm features in Guardian tax exposé

An Isle of Man company offered ultra-wealthy people ways to avoid UK inheritance tax, according to a UK newspaper today.

The Guardian has published an article about an event in London held just before the UK election, alleging Baker Tilly Isle of Man sold schemes its advisor claimed would be overlooked by the Labour government.

The newspaper has published video footage it took of the Private Client Dining Club event.

It says the pension scheme being promoted isn't illegal, and doesn't allege any wrongdoing - in a response the company says it's a well-established scheme that complies with all laws.

Super-rich being advised how to avoid Labour tax clampdown, undercover investigation suggests https://t.co/S8kQcLXvuZ

— Guardian news (@guardiannews) July 25, 2024