He said: "An increase in the inheritance tax NRB would have ensured that everyone would potentially benefit rather than only individuals with both an interest in a family home and children or other direct lineal descendants being able to benefit from the residence NRB."
Mr Jones believes maximising the use of any available NRB was one of the key ways to move money to future generations and away from the taxman.
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He said: "By its very nature, it encourages advisers to be there for their clients over a period of years, even decades and be ready to help subsequent generations. It fosters the kind of relationship that advisers should want to have with their clients."
Venilia Batista Amorim is a freelance writer for FTAdviser
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