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
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 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
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
A recent case has highlighted the potential cost of Inheritance Tax (IHT). What can you do to avoid this tax on the shares in your company?
Published 18.06.2008
In 2013 new rules were introduced to curb inheritance tax (IHT) avoidance. The trouble is they can also reduce the amount of business property relief (BPR) that director shareholders are entitled to.
How can you avoid the problem?
Published 13.10.2014
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
You want to reduce the potential inheritance tax (IHT) on your estate. A friend has suggested transferring ownership of your home to your children. HMRC says this won’t work if you still live in it.
If that’s correct is there a way to legitimately dodge the rule?
Published 28.07.2023
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
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