Heritage property, landed estates and farming families

View Private Client by content type:

Latest Private Client News

Featured Private Client content

Precedents
This partial deed of revocation is made on [date] by [donor] of [address].1I granted a Lasting Power of Attorney for [Financial Decisions/Health and...
Read More >
19th May
Precedents
This Deed OF REVOCATION is made on [date] by me [name of donor] of [address of donor].This Deed provides:1Revocation...
Read More >
19th May
Practice notes
Trustees—statutory powers of trusteesSource and availabilitySourcesTrustees have certain powers conferred on them by statute, in particular by the...
Read More >
19th May
Q&As
At what stage and to whom can a Deed of Appropriation take place when selling a second property in an estate?We assume you refer to the situation when...
Read More >
19th May
Practice notes
Creation of trusts—blind trustsWhat is a blind trust?A blind trust is a trust that is aimed at preventing conflicts of interest arising. Usually, the...
Read More >
Produced in partnership with Michael O’Sullivan of 5 Stone Buildings 19th May
Practice notes
The Cy-près doctrineFORTHCOMING CHANGE: On 22 March 2021, the government published its response  to the Law Commission’s report of 14 September 2017,...
Read More >
19th May
Practice notes
Relief for income tax lossesReliefs entitle taxpayers to reduce the amount of income tax payable. When calculating liability to income tax, a taxpayer...
Read More >
19th May
Practice notes
Assessment for residential accommodationCoronavirus (COVID-19): The content of this Practice Note is temporarily affected by the coronavirus...
Read More >
19th May
Q&As
Can a life tenant in a Will bring a life interest to an end by choosing to end it themselves or does it only expire on death?Life tenantsA life...
Read More >
Produced in partnership with Lynne Counsell of 9 Stone Buildings 19th May
Practice notes
Capacity to litigateOn the face of it, there would appear to be no specific impediment, if there is no reason to suppose that a person is without...
Read More >
19th May
Practice notes
Termination of trusts—methods of terminationDuration of a trustThe duration of an express trust is subject to the restrictions imposed by the rules...
Read More >
19th May
Practice notes
Costs and expenses in the Court of ProtectionThere are court fees and disbursements which will be payable by all applicants on making a new...
Read More >
19th May
Practice notes
Acceptance in Lieu scheme and other heritage property reliefsSTOP PRESS: HMRC has updated its guidance on calculating the special price in Acceptance...
Read More >
19th May
Practice notes
Trustees—self-dealing, unauthorised profits and conflicts of interestThe self-dealing ruleThe self-dealing rule is connected to, but distinct from,...
Read More >
19th May
Practice notes
Offshore trusts—offshore income gains (OIGs)Offshore income gains (OIGs) are gains realised on the disposal of interests in offshore funds which are...
Read More >
19th May
Practice notes
Trust disputes—court jurisdiction and procedureTrust litigation has been classified as being of three types:•a dispute as to the trusts on which...
Read More >
19th May

Most recent Heritage property, landed estates and farming families content

Practice notes
IHT—agricultural property reliefAgricultural property relief (APR) was provided for from the outset when capital transfer tax was introduced by the...
Read More >
Produced in partnership with Hayden Bailey and Gabrielle Dewes of Boodle Hatfield 6th Sep
Practice notes
Gifts of art to the nationCoronavirus (COVID-19): HMRC has published guidance regarding the relaxation of rules requiring public access to...
Read More >
Produced in partnership with Robert Brodrick and Emily Hewlett of Payne Hicks Beach Solicitors 16th Aug
Practice notes
Acceptance in Lieu scheme and other heritage property reliefsThe Acceptance in Lieu (AiL) scheme allows those who are liable to UK inheritance tax...
Read More >
16th Aug
Practice notes
Trust and tax planning for landed estatesA landed estate typically consists of a holding of some hundreds or even thousands of acres of land, held by...
Read More >
Produced in partnership with Alexander Caton of Charles Russell Speechlys LLP 16th Aug
Practice notes
Heritage property—the conditional exemptionCoronavirus (COVID-19): HMRC has published guidance regarding the relaxation of rules requiring public...
Read More >
16th Aug
Practice notes
Agricultural property—land transactionsLetting of agricultural landAgricultural tenanciesThe Agricultural Tenancies Act 1995 (ATA 1995) introduced...
Read More >
15th Aug
Practice notes
IHT—business property reliefBusiness property relief (BPR) is an important relief for inheritance tax (IHT) purposes. The relief applies both to...
Read More >
Produced in partnership with Hayden Bailey and Gabrielle Dewes of Boodle Hatfield 15th Aug
Practice notes
Strict settlementsWhat is a strict settlement?A strict settlement is a settlement of land falling under the Settled Land Act 1925 (SLA 1925).Some...
Read More >
Produced in partnership with Charles Russell Speechlys LLP 15th Aug
Practice notes
Landed estates and diversificationSTOP PRESS: The Agriculture Act 2020 received Royal Assent on 11 November 2020. See: LNB News 17/01/2020 2.With the...
Read More >
Produced in partnership with Julie Butler of Butler & Co Chartered Accountants 15th Aug
Practice notes
IHT—woodlands reliefWoodlands may attract one of three different types of relief from inheritance tax (IHT) depending on the nature of the land and...
Read More >
Produced in partnership with Emma Haley of Boodle Hatfield LLP 15th Aug
Q&As
Is grassland left fallow, neither cut, nor used for hay, nor for grazing, used for agricultural purposes for the purpose of inheritance tax and...
Read More >
15th Aug
Q&As
Where the main asset of an estate is land that qualifies for IHT agricultural property relief at 100%, do the PRs need to file a corrective account if...
Read More >
15th Aug
Q&As
When was the creation of new entailed interests prohibited (if at all)? If land was ever declared to be in ‘tail male’ or in ‘tail general’ what is...
Read More >
Produced in partnership with Graham Stott of gunnercooke LLP 15th Aug
Q&As
Can conditional exemption be claimed on a ten-year charge if it has not been previously claimed? If so, how?Conditional exemption from inheritance tax...
Read More >
Produced in partnership with Chris Bryden of 4 King’s Bench Walk 15th Aug
Q&As
What is the correct procedure for a beneficiary with an entailed interest under a strict settlement to bar the entail?Tenant in tail in possessionA...
Read More >
15th Aug
Practice notes
Agricultural tenancies—rights of successionStatutory rights of succession in relation to an agricultural tenancy only exist if the Agricultural...
Read More >
11th Aug

Popular documents