“Family limited partnerships” were being publicized to lawyers and accountants in November 2007 at the time Blair’s lawyers started to set up his structures. Known in the trade as “Flips”, family limited partnerships are a way of getting round stricter inheritance tax rules in the 2006 budget, imposed by Gordon Brown while Blair was still prime minister.
To be precise it is the same law but only the rich have access to the means to get around it, so we can appear a modern democratic, rule of law nation blah de blah, when in fact it’s war crimes and class war 24/7. Oh yeah and this was the New Labour party.
PS. Richard Murphy with more on Anthony’s ill gotten gains.