Estates—inheritance tax

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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...
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19th May
Precedents
This Deed OF REVOCATION is made on [date] by me [name of donor] of [address of donor].This Deed provides:1Revocation...
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19th May
Practice notes
Trustees—statutory powers of trusteesSource and availabilitySourcesTrustees have certain powers conferred on them by statute, in particular by the...
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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...
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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...
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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,...
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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...
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19th May
Practice notes
Assessment for residential accommodationCoronavirus (COVID-19): The content of this Practice Note is temporarily affected by the coronavirus...
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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...
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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...
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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...
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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...
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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...
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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,...
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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...
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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...
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19th May

Most recent Estates—inheritance tax content

Q&As
What is the time limitation for a failure of an executor to administer an estate in Scotland?We would like to refer you to the below content which...
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1st Aug
Q&As
Is it possible to claim the transferable nil rate band for the first spouse to die even if it cannot be claimed for the second spouse's estate?For a...
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1st Aug
Q&As
What is the inheritance tax position where the deceased left a chargeable estate and a pension policy with a valid binding nomination in relation to...
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1st Aug
Q&As
How is Business Property Relief (BPR) formally claimed and is there a deadline for claiming BPR on death?In order to claim Business Property Relief...
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1st Aug
Q&As
Would the RNRB be available where a deceased individual died in 2020 leaving their estate to their children but where they had sold their only...
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Produced in partnership with Chris Bryden of 4 King’s Bench Walk 1st Aug
Q&As
What considerations should be made when acting for the transferee in the transfer of land as a gift?The transfer of the legal interest in land (as...
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Produced in partnership with Chris Bryden of 4 King’s Bench Walk 1st Aug
Q&As
Do you have a Precedent to ensure the residence nil rate band (RNRB) is captured? In particular do you have a Precedent to give lineal descendants the...
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31st Jul
Q&As
How should the residence nil rate band be included within the IHT400 Calculation pages?The residence nil rate band (RNRB) is an addition to the basic...
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31st Jul
Q&As
Where a gift to X of a share in the testator's residuary estate is void because X's spouse witnessed the Will, can the parties enter into a deed of...
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31st Jul

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