Trusts and Estates

The ‘chargeable transfer’ is the tax base for inheritance tax. If there is no chargeable transfer, there is no IHT charged. ‘Chargeable transfer’ is, however, a convenient shorthand for ‘chargeable transfer of..

In the August/September issue of Trusts and Estates, in response to a reader’s query, the Editor discussed the restriction on the availability of the 10% CGT tax rate where, for example, an asset is owned by one of the members of a..

The entrepreneurs’ relief provisions were inserted into this year’s Finance Bill at a very late stage, in response to political pressure. Not surprisingly, the Parliamentary debate concentrated on attacking and defending political..

It is a fundamental principle of IHT that the tax liability consequent upon the death of a property owner must be based upon the market value of the property comprised in the estate of the deceased. The market value must be the price that would be..

In spite of the promises and now enactment, of the legislation for the enhanced nil rate band, lifetime planning to make mitigate the future IHT liabilities is likely to remain important to clients. In the Briefing on p6, there is a discussion of..