Inheritance Tax

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DERMOT DOUGHTY considers recent proposals for changes to tax on a deceased person’s estate

Linda Frances Chadwick and another (Hobart’s executors) v CRC, Lands Chamber

CAMILLA WALLACE looks at chattel leasing and how to avoid taxable benefits

A trust receives no income and it is assumed that, in such circumstances, HMRC do not need to be informed of its existence. However, what is the position for inheritance tax purposes?

By Withers LLP, Aparna Nathan & Marika Lemos; £235

An elderly couple gift a substantial sum to their daughter. One and a half years later they feel unable to look after themselves and move in with their daughter and her husband who used the gift to assist in the purchase of a large house

'Interesting to compare total penalties raised by IHT department compared to other departments'

Widows being excluded from nil-rate relief, says LITRG

COLIN D LEVER is outraged that HMRC consider a disagreement to be a penalty matter

A client was widowed in 1966. Her late husband left the whole of his estate to her and estate duty was paid. The client has recently died, but is the estate entitled to any additional inheritance tax nil-rate band?

'I do not agree with the application of IHTA 1984, s 43'

'Some of the tax consequences are rendered untenable'

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