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
If you own a valuable investment property, can you shelter this from Inheritance Tax (IHT) but still keep the rents? We take a look at an old planning strategy that still has life in it. Could this
work for you?
Published 15.05.2007
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
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 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 03.05.2023
More and more couples are buying property together before marriage. But the introduction of the pre-owned asset tax means they could now face an annual tax charge. What’s the problem and is there any
way around it?
Published 13.10.2005
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
The Inheritance Tax (IHT) nil rate band remains frozen, bringing more estates into the Taxman’s grasp. Meanwhile, house prices are edging up again increasing the potential IHT bill for many. What
steps can you take to avoid this trap?
Published 18.03.2011
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
As a director shareholder it’s sensible for your company to insure your life to compensate fellow directors in the event the worst happens, but it can result in an income tax bill for you. Why, and
what steps can you take to avoid it?
Published 18.03.2016