A farmhouse is owned by the controlling shareholders of a farming company. They control the farming activities on a day to day basis and there is a good deal of land farmed.
A Main Residence Nil Rate Band will be introduced from April 2017, thereby effectively raising the Inheritance Tax threshold for homeowners to £850,000 for married couples or civil partners, rising
The Chancellor looked to decrease the tax burden on ordinary workers by increasing the personal allowance and IHT thresholds - but sought to recoup any giveaways in other areas.
George Osborne has increased the inheritance tax threshold, allowing £1m homes to be passed down to children after death to be free of tax.
Business Property Relief (BPR) is available to reduce the liability to Inheritance Tax (IHT) on the transfer of relevant business assets.
Has anyone had experience of claiming the normal expenditure out of income exemption for cash gifts continuing after entry to a nursing home?
A judge has ordered Romie Tager QC to pay a penalty of more than £1.2m for failing to comply with requests for information about the inheritance tax on his father's estate.
The Autumn Statement for 2014 will be given by George Osborne on 3 December 2014.