Trusts and Estates

It may be a bit early for the January sales, but the Capital Gains Tax (CGT) price can be slashed by 50% and the rate can be cut from 20% to 10%, if the gain qualifies for Entrepreneurs’ Relief. This relief can be available to trustees. The..

Trusts were originally devised as a means of holding land and protecting it from the hazards of medieval landownership, and may still serve a similar purpose today. Indeed, land is still seen as an attractive, or at least suitable, investment for..

With the gift-giving season fast approaching, thoughts may turn to the Inheritance Tax (IHT) benefits of seasonal generosity. Naturally, the greatest advantages are secured if the donor survives the making of the gift by at least seven years. If the..

Readers will be familiar with the onerous duties and responsibilities imposed upon personal representatives. Having obtained possession or control of the assets owned by the deceased, the first priority is, of course, to ensure that the executors..

The Revenue has issued its guidance on the Residence Nil-Rate Band (RNRB) at https://www.gov.uk/guidance/inheritance-tax-residence-nil-rate-band and a number of worked examples..