Basically the current position is a husband and wife are in a 50:50 partnership.
The husband has found out he has weeks to live. Due to this the business will eventually be sold.
inheritance tax
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
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One of our clients sadly passed away leaving a wife and two minor children. He hadn't made a will.
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When considering a fiscal valuation for unquoted shares for IHT purposes I understand S 160 IHTA 1984 and S 168 IHTA 1984 deem open market value to apply for which there would be a fairly substanti
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.
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My client has a property that she lives in and another that she lets. The two properties bring her estate to approximately £650,000. She would like to give the let property to her two sons and fe
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Hello all,
Would anyone be able to enlighten me as to the tax situation of this?
My parents own a few houses which they make rent on (and pay tax on)
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Do we have to get Probate to transfer shares in a family company upon the death of one of the shareholders?
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