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)?
Published 29.11.2023
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
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
15 years ago the inheritance tax nil rate band was made transferable. This doubled the tax-free amount for many estates. With a little planning some estates could do even better. Might yours be
one of these?
Published 14.06.2022
Your will currently includes a few bequests to charities. When discussing it with your solicitor she said that increasing your donations could lower the inheritance tax (IHT) bill and so might leave
your beneficiaries better off. How does this work?
Published 04.05.2021
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
As the 2008/9 tax year ends soon you should be thinking about Inheritance Tax planning. If you don’t take action, more of your wealth could disappear in tax. Here are our top five tips to stop the
Taxman grabbing your cash.
Published 25.03.2009
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
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