Trusts and Estates

A fruitful source of litigation has been the differences that arise when an unmarried couple part company, having acquired a house. The question is whether just one, or both parties have beneficial interests in the house, and if both do what their..

Most of the litigation involving the availability of the IHT Business Property Relief (BPR) has centred on the critical question of whether the business of a sole trader or a partnership or the business of a company, ‘consists wholly or..

With the separate taxation of spouses it is often beneficial for property to be jointly owned by them. For CGT purposes, this may ensure that each is able to make best use of his or her annual CGT exemption currently extending to £10,600 of..

Most of the litigation arising from the IHT Agricultural Property Relief (Chapter 2 Part V IHT Act 1984) has been concerned with the availability of relief for farmhouse. However, farmhouses are not the only category of residential property for..

Much farmland is held in trust. The concept of the trust was originally devised in the middle ages to protect land, which was virtually the only form of wealth or capital investment at the time. More recently, agricultural land has been seen as..