(A) and (B) are living in a property in which they have been given a life interest. On the last of them to die the property passes to charities (under the Will of the...
The following Tax practice note provides comprehensive and up to date legal information on 15 per cent rate of SDLT for high-value residential property transactions...
The following Tax practice note provides comprehensive and up to date legal information on 3 per cent higher rates of SDLT on additional residential properties...
A and B enter into a matrimonial settlement under which A acquires B’s interest in an investment property and B acquires A’s interest in the family home. The investment...
A client established a trust in 2012. They now wish to add an additional asset into the trust. What is the best way to transfer the asset and what are the potential tax...
A deceased died intestate, leaving a widow and two children. The assets of the estate far exceed £250,000, meaning that the assets would be held in trust for the children...
A deceased made a Will leaving their share of a business (free of tax) to one beneficiary and their property (free of tax) to another. The business was given to the...
A deceased owns a rental property with their spouse as tenants in common, 50/50. The property receives rental income but they have created a declaration of trust...
A deceased person's Will left the whole estate to the surviving partner (the partner). The partner died within a year after the first death, leaving the partner's estate...
A discretionary Will trust (established six months ago) has three beneficiaries (X, Y and Z). X wishes to buy out the shares of Y and Z. Is stamp duty land tax payable on...
A French born intestate deceased was domiciled and paid tax in the UK. The majority of their assets (all but £700) are held in France. Would income and CGT on the estate...
A has an interest in possession in a trust which holds a 50% share in a property. A is the absolute beneficial owner of the other 50% share. A intends both to release...
A is a beneficiary of Z’s estate and receives 40% of a property under Z’s will. A and B (spouse) purchase the remainder at 60% of the agreed probate value of the...
A left unquoted shares in a trading company to a non-exempt beneficiary. At A’s death, the shares qualified for 100% BPR. A’s PRs by mistake omitted to include details of...
A life interest in residuary estate is left to H for life and thereafter to descendants of H and W. H wishes to release part of their life interest, but not to have it...
A life interest trust is purchasing a dwelling that is already owned and occupied by the trust’s beneficiary. The beneficiary also owns an investment property. Will the...
A life tenant of an immediate post-death interest trust purchases the remainder interest (which has already vested, with substitutional provisions for minors) from the...
A life tenant under a pre-2006 interest in possession trust has died and the terms of the trust then became a relevant property trust for the remainder of the 80-year...
A married couple (A and B) wish to leave their estates to each other on the first death and then to their children (C and D) on the survivor’s death, but A and B both own...
A married couple wish to make a declaration of trust in order to change the beneficial ownership of a property presently held equally. They will divide this 99:1 to the...
A married couple wish to make mirror Wills granting the survivor of them a right to occupy or life interest in their property (held as tenants in common in equal shares)...
A nil rate band discretionary trust was constituted following the testator’s death using an equitable charge over the testator’s half share of the matrimonial home. The...
A non-resident trustee disposes of a UK residential property in the tax year 2017/18. The trust was settled by a UK domiciled settlor in 2002. How would any gains arising...
A non-UK trust (A) holds shares in company B, which itself owns a UK residential property. A has also made a loan to B, which is still outstanding. For the purposes of...
A owns a property which has an annex that can be lived in separately. A wishes to move out of the main house and live in the annex. A wishes to sell the main house to...
A parent and son each own a beneficial interest in a holiday home. The parent makes a cash gift to the son and the son subsequently uses this cash to buy a larger share...
