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).
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.
Primary Points of Interest
Can you help me about inheritance Tax and Interests in Possession:
Have come across the following situation.
An individual settles unquoted shares in a property investment company on discretionary trusts. The value is circa £50k and he has not previously made chargeable lifetime transfers.
Do I need to complete IHT 100 forms for trusts when no tax payable for 10 year anniversaries or paying out the assets from discretionary trust?
Tolley takes a look at some of the practical effects of the new IHT provisions in Finance Bill 2013 and explains how best to prepare for the changes.
Where a property is inherited and interest payments for IHT are being made to HMRC, (via the 10 year instalments), is the interest payable to HMRC deductible against the property income for SA? Th
In a recent interview with the Huffington Post, British actor Jeremy Irons suggested that same sex marriage laws could allow fathers to marry their sons to avoid p