IHT

Inheritance tax (IHT) will be waived on the estates of people in the armed forces who die on active duty, the government proposed in its

Husband's will includes a life interest in the residue of his estate to his wife, capital ultimately passing to the children.

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Loring v Woodland Trust [2013] EWHC 4400 Ch highlights the care that must be taken when interpreting (and drafting) nil rate band legacies in wills and undertaking inheritance tax planning.

Business Property Relief (BPR) is a valuable inheritance tax relief, offering up to 100% relief against inheritance tax on qualifying business assets.

The inheritance tax case of Buzzoni and Others v HMRC concerning gifts with reservation of benefit was recently heard in the Court of Appeal.

I refer here to interest free loans (repayable on demand) to family members (thus gratuitous) where the interest foregone is deemed to be a gift for IHT purposes (according to IHTM14317).

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An increase in home ownership rates and property prices has created a windfall for millions of Britons – and underscored the need for people to plan for inheritance.

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Primary Points of Interest

Can you help me about inheritance Tax and Interests in Possession:

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Have come across the following situation.

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