Loring v Woodland Trust  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.
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.
The Executors of the Estate of Nicolette Pawson have been denied leave to make an appeal to Court of Appeal in relation to their claim for Business Property Relief (BPR) on the furnished holiday le
Primary Points of Interest
A bid by a millionaire businessman to avoid inheritance tax after his
A married couple, husband in his 70’s, wife in her 50’s & in remission from a serious illness, are looking at inheritance tax mitigation options. They have a son who is 14.
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.
Trustees can only unwind mistakes that result in more tax being paid than expected if the trustee acted in breach of trust, the Supreme Court has ruled.