Life insurance has various uses. For example, you may have a policy to cover Inheritance Tax (IHT) so that your beneficiaries won’t need to break up the family company. But as IHT rules have changed,
should you review your policy?
Published 03.03.2010
A friend says that on advice from his accountant he transferred most of his personal investments into his company to protect him from inheritance tax (IHT). Is this a potential tax-saving scheme
worth considering?
Published 17.01.2014
A recent court case involved a Capital Gains Tax saving scheme on a company buy-out that went wrong. It cost the directors/shareholders £1.3 million in tax. What’s the full story?
Published 28.04.2011
When you transfer ownership of your family company, as long as conditions are met, special tax breaks apply so that tax isn’t triggered. It’s vital your family understands these or the tax breaks can
be lost. What does it need to know?
Published 25.11.2014
Business assets, including unquoted shares, can qualify for 100% relief from Inheritance Tax (IHT). But directors who lend money to their company might lose out on some or all of this. What steps can
you take to maximise relief?
Published 06.09.2012
Directors who have taken out life assurance to financially protect their fellow shareholders in the event of their early death might inadvertently have lumbered themselves with a tax bill. What steps
can you take to avoid this trap?
Published 26.10.2012
You and your partners are transferring your business to a company. This has tax pros and cons. One major drawback is the loss of inheritance tax business property relief (BPR). How can you prevent
this and retain the other benefits of transferring the business?
Published 31.08.2022
As a director, a large part of your estate might rest in the value of your company shares. And when drawing up your will it might seem the obvious thing to leave these to your spouse, but will this
play straight into the Taxman’s hands?
Published 24.11.2010
The usual advice is that potential inheritance tax (IHT) payable on gifts starts reducing (tapering) once three years have elapsed, and after seven the gift is IHT free. However, the three-year
deadline is often an illusion. Why?
Published 27.06.2023
Doesn’t everything pass tax-free to your spouse when you die? If so, making a will won’t make any difference to your estate. However, there is a hidden tax charge than can be avoided by using a will.
What’s involved?
Published 25.04.2007