Elderly and vulnerable clients

Question of the week: Would the residence nil rate band (RNRB) be available where a non long-term resident dies leaving UK property (which was their home and valued at £500,000) to their child and where their worldwide estate is valued at £3m but the UK element of the estate is valued at £500k? ie does the taper threshold relate to the worldwide estate or just the UK estate of a non long-term resident individual?

Question of the week: Would the residence nil rate band (RNRB) be available where a non long-term resident dies leaving UK property (which was their home and valued at £500,000) to their child and where their worldwide estate is valued at £3m but the UK element of the estate is valued at £500k? ie does the taper threshold relate to the worldwide estate or just the UK estate of a non long-term resident individual?

FTT upholds transfer of assets abroad charge in respect of receipt of rent-free accommodation (Moran v HMRC)

The following Tax news provides comprehensive and up to date legal information on FTT upholds transfer of assets abroad charge in respect of receipt of rent-free accommodation (Moran v HMRC)

Secret trust not suitable for summary dismissal (Lorenz v Caruana)

The following Private Client news provides comprehensive and up to date legal information on Secret trust not suitable for summary dismissal (Lorenz v Caruana)

OPG updates Mental Capacity Act 2005 guidance with new contact details