.png)
.png)
Strings attached
KEY POINTS
- Interaction with the various inheritance tax exemptions.
- Making a gift with reservation of benefit is often worse than doing nothing.
- Qualifying for agricultural and business property reliefs.
- Planning points for clients who might take a long-term view.
- Provisions dropped from the Finance Bill that had been planned to take effect from 6 April 2017.
Do you have a reservation? This is not a greeting by the maître d’ at my local fast-food establishment but rather a consideration of the inheritance tax ‘gifts with reservation of benefit’ provisions.
To put those into their historical context it is interesting to note that from 1894 until 12 March 1975 estates on death were liable to estate duty. This could be avoided as long as lifetime gifts were made seven...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
