In 2000 a friend was advised by another accountant that she should transfer her property into her sons name so that she may be able to claim housing benefit - bad advice!
please refresh my understanding.
Client wants to transfer residential properties to children now. He will have to pay CGT and SDLT on the transfers based on market value.
The Office of Tax Simplification has targeted 44 tax reliefs for elimination, plus 17 more that should be simplified.
These tables reflect announcements made on 24 March, 22 June and 2 & 9 December 2010.
A dies his interest in a property to B. The property was held as tenants in common 50% each.
Tax advisers at UHY Hacker Young are warning of ugly surprises in the family cellars following advice from HMRC of misunderstandings around the treatment of wine investments for Inheritance Tax.
As part of the IHT planning for our estates my partner and I are considering making a direct investment in forestry and would like to know the best structure to purchase and hold the forestry in.
In a consultative frenzy, HMRC this week issued eight separate documents setting out its proposals for new rules and reforms ranging from PAYE to pensions tax, furnished holiday lettings rules, con
My client is in financial difficulty, and will shortly be gifted his father's home in order to refinance to pay off creditors. His father will continue to live there rent free.
Can someone please direct me to recent articles/thinking on Severance of Joint property (Principle private residence), and IHT planning via wills?