IHT
Tax lecturer Brian Ogilvie recently gave a talk in Glasgow comparing the probate and estate laws that apply in Scotland to those in England and Wales.
Here it is.
A client's (son 1) Mother died in 11th December 2011 and Father died 6th May 2012.
My mother, who requires 24-hour care, wishes to give her house to my sister. My sister, aged 58, is registered disabled herself but has for the last three years plus, managed to do a sterling job
Quick query if a taxpayer receives rents in advance from 1st October 2011 to 31st December 2011 and then passes away on 1st December what is the position with the rental income.
Furnished holiday homes that are let can receive business relief on inheritance tax, according to a tax tribunal ruling that could trigger similar claims by holiday-home owners against the taxm
I understand that receipts for dilapidations may be treated in one of three ways depending on the circumstances.
The government should either scrap the current inheritance tax (IHT) system or make significant changes to make it simpler and fairer, according to a new report from Grant Thornton.
