One of the cornerstones of Inheritance Tax planning is to make a gift of an asset to the next generation and then survive that gift by seven years. If a chance comes along to sell this asset what’s
the tax-efficient thing to do?
Published 19.01.2006
The first rule of Inheritance Tax (IHT) planning is to give away as much as you can, as soon as you can. But if your elderly relations have left it a bit late in the day, is there anything that can
be done?
Published 01.10.2009
In a recent case the tribunal ruled on whether a holiday home rented to the public qualified for Inheritance Tax business property relief (BPR). What was the outcome and what pointers on claiming BPR
can you glean from the ruling?
Published 05.04.2012
Several years ago you borrowed money which you then lent to your company. Your accountant has told you that it should repay you to avoid an IHT trap. What’s the problem?
Published 01.11.2017
Inheritance Tax (IHT) business property relief (BPR) is an excellent tax break, but it can be devalued where you have a business loan. Why, and what steps can you take to avoid this happening?
Published 13.12.2012
If you were to die while owning a business, its value, while part of your estate, can qualify for relief from inheritance tax (IHT). But the relief might be eroded if you’ve borrowed money to fund
the business. Is there a way to avoid this trap?
Published 05.09.2019
New rules, which aim to stamp out certain Inheritance Tax (IHT) avoidance debt schemes, will soon come into force. But as a side effect, anyone who has financed their business with personal loans
might be hit. What’s the full story?
Published 21.06.2013
When you pass on the family business, you can make use of a special Inheritance Tax break. But without your guidance the next generation can easily scupper this and land themselves with a massive tax
bill. What should you be telling them?
Published 12.11.2010
Business property relief (BPR) can reduce the IHT on your company shares to nil. But if you have cash tied up in the business, this tax break can be restricted. What steps can you take to ensure you
get the full relief?
Published 20.03.2012
Usually, you need to allow more time for Inheritance Tax planning than for other taxes; it can take seven years to be effective. But some off-the-shelf schemes promise to achieve this sooner. Are
they worth considering?
Published 02.04.2013