INHERITANCE TAX - 29.11.2023
Problem with residence nil rate band rules?
The mother of one of our subscribers owns a house in a retirement community. When she dies the property must be sold back to the property management company. Will this mean the estate will lose the residence nil rate band (RNRB)?
INHERITANCE TAX - 23.11.2023
Effective planning for older clients
Several of your clients have attained state retirement pension age but have not undertaken any inheritance tax (IHT) planning. You have arranged a series of meetings to discuss strategies which are suitable for using later in life. What ideas might you suggest?
INHERITANCE TAX - 25.10.2023
IHT planning with bonus and rights issues
One of your clients owns both a trading company and an investment company and has come to you for a review of their inheritance tax (IHT) position. How can a bonus or rights issue be deployed as part of an IHT-saving strategy?
INHERITANCE TAX - 17.10.2023
Letter of wishes - legitimate IHT dodge?
The inheritance tax (IHT) exemption for gifts between spouses looks generous but may ultimately do no more than defer tax. How can you use a letter of wishes to turn the exemption into real tax savings?
BUSINESS PROPERTY RELIEF - 19.09.2023
Resolving unintended IHT exposure on business assets
A married couple have come to you for a review of their inheritance tax (IHT) position. They own a trading company and are expecting business property relief (BPR) to apply, but you find two business assets that may cause an unexpected IHT problem. How might they resolve it?
COMPANY TAX - 18.09.2023
Tax relief for donating free use of a property
Our subscriber wants to give free use of a property, the freehold of which is owned by his company, to a registered charity. He wants to know if his company is entitled to any tax relief for this?