Inheritance Tax

Implications of the Upper Tribunal decision in Pawson for owners of vacation lets

A widow owned the flat in sheltered accommodation in which she lived until her death in January 2008. A valuation of £175,000 from the management company was accepted by her executor, but the property sold for only £117,000 in July 2012

A farmer owns farmland from which he trades, but his father owns the farmhouse itself. Does the Hanson case have implications for the availability of agricultural property relief in respect of the house?

Send to Netherton, Merseyside

Mrs G Silber (personal representative of the estate of Mr M Lerner deceased) (TC2369)

KEITH M GORDON explains the tax rules that apply to members of the armed forces

Buzzoni and others v CRC, Upper Tribunal (Tax and Chancery Chamber)

A sizeable home was originally situated in grounds slightly exceeding a hectare, but the owner gave the furthest distant part of the grounds to his children many years ago. The original owner still has access to, and some use of, that land and there is a risk that this may be a gift with reservation for inheritance tax purposes

John Matthews (executive and trustee of the estate of M Matthews deceased) (TC2329)

Is it time to drop the idea of holding UK property through offshore companies? PETER RAYNEY looks at the new rules

HMRC do not seem interested in a potential five-figure inheritance tax liability. PETER VAINES wonders why

A client has various pension funds – some personal pensions and some retirement annuity policies – with different life companies. The death benefits are written in trust for his wife