Inheritance Tax

Does the working farmer relief apply to property transferred on the death of a husband to his wife, who was a partner in a farming business?

Benefits of incorporation when succession planning

By John Woolley; £94.50; paperback; 459 pages inc. index; Claritax Books

Be certain clients’ inheritance tax planning takes full account of business property relief

What is the limit when deciding if a provider of land is eligible for business property relief?

A husband and wife operate their consultancy through a limited company. They have purchased a small buy-to-let portfolio using directors’ loans

Trustees of PL Travers will trust (TC2830)

A client owns some farmland, but this  is subject to an Agricultural Holdings Act tenancy and consequently will attract only 50% agricultural property relief against inheritance tax

How should the works created by an artist be valued in the accounts that are prepared up to the date of his death?

A house was inherited and sold a few months later at a substantial gain. Capital gains tax will be payable, but what acquisition value should be used?

Executor of the estate of Teresa Rosenbaum (deceased) (TC2884)

A UK taxpayer who was receiving 5% withdrawals from offshore life assurance bonds has died. Potential income tax liabilities will depend upon who is entitled to the policy proceeds and whether a trust is in existence