The pre-owned assets rule was introduced to counter inheritance tax (IHT) avoidance schemes. The unusual nature of this IHT rule creates an opportunity for income tax savings. How can you take
advantage of it?
Published 20.04.2022
You want to give your son some cash to help him buy a house, but you’ve heard this gift could land you with a tax bill under something called the Pre-Owned Asset Tax (POAT). What’s the best solution?
Published 14.09.2006
In 2005 the Taxman introduced the mother of all anti-avoidance laws to counter what he claimed was abuse of the Inheritance Tax system (IHT). He was way off the mark. So wouldn’t it be poetic justice
if there was a way to use the rules to actually save tax?
Published 10.12.2009
For a few years you’ve owned a seaside apartment as a holiday getaway. You’re now trying to reduce your estate to save inheritance tax. Can you keep the apartment for your use while shifting the
value out of your estate?
Published 30.09.2016
April 2017 saw the introduction of a new IHT tax break. It’s aimed at those who own homes at the time of their death. Does this mean that you should hold on to your home to ensure that your estate
pays less IHT?
Published 16.05.2017
The inheritance tax residence nil rate band (RNRB) will be phased in from 6 April 2017. Its purpose is to reduce the tax payable by estates on or after that date, but a spouse’s earlier death might
still trigger a tax saving. When might this apply?
Published 24.11.2016
Your father left the whole of his estate, mainly consisting of his share in their home, to your mother in his will. As a result there will be a big inheritance tax bill waiting when she dies. What
steps can you take to reduce it?
Published 19.11.2021
Despite the Taxman’s efforts, it’s still possible to use your home for Inheritance Tax planning. One option is to use an equity release scheme. This can be in the form of a loan or a sale and lease
back. What are the pros and cons of each?
Published 29.11.2012
When someone dies, the property in his or her estate is fixed at the market value at the date of death. In a rising market that’s a bonus. However, in a falling market there is also an advantage to
be had. What is it?
Published 28.02.2008
For the second year in a row HMRC has raked in over 20% in extra inheritance tax (IHT) by challenging property valuations. However, there are simple steps you can take to counter the attack; what are
they?
Published 04.02.2014