A woman has been jailed for trying to dodge a £500,000 inheritance tax bill (IHT). She inherited £1.5m but told the taxman the sum was £285,000. She was jailed for 2 years for trying to dodge the £500,000 inheritance tax bill.

HMRC have a great deal of power to investigate your affairs.  We always tell our clients, just be honest.  Jail is a very draconian punishment, but the fines are also grim, recently 65% of the inheritance tax bill that the beneficiary tried to avoid paying.

Source: www.telegraph.co.uk