Inheritance Tax

Go to page of 44

Brander (personal representative of the Fourth Earl of Balfour) v HMRC (TC69)

Davies and anor (TC106)

PENNY BATES has a practical look at how to use life assurance in tax planning

Income has been accumulated for the beneficiary of a statutory trust who is a minor. Is there any way of recovering or obtaining the benefit of the tax paid by the trust on its income?

A ten-yearly tax charge on a discretionary trust is approaching, but problems are encountered in obtaining details of any transfers made before the settlement.

A lady wishes to pass her business to her daughter who is currently employed by her. If the business is transferred in stages, will the pre-owned assets charge apply and will business property relief be lost if part of the business is left in her will?

Hansard, 23 Jun 2009, vol 494, no 97, col 827W

A property has been held in trust for ten years to provide an income for a widow and her children. The property should now be sold, but there is some concern at how any ten-year tax charge will be paid

MALCOLM GUNN FTII, TEP explains why those with private property companies should be embarking on some succession planning

CRC v Bute, Court of Session, 27 May 2009

TERRY JORDAN provides a brief guide to the taxation of potentially exempt transfers

HMRC need to update their guidance on the pre-owned asset regime, says RAY MAGILL

Show

Results

Go to page of 44