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 inheritance tax position where a testator makes a Will leaving an interest in possession to his spouse or civil partner but the spouse or...
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15th Aug
Q&As
Can an IHT400 account and the statement of truth in a probate application be signed electronically?This Q&A deals with the issue of e-signatures. The...
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15th Aug
Q&As
A personal injury award, subject to appeal post injured person’s death, has been made. What approach should be taken in valuing the award for...
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15th Aug
Q&As
Is business property relief from inheritance tax available on a commercial property letting business?In answering this Q&A, we have assumed that the...
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15th Aug
Q&As
How is agricultural property relief (APR) from inheritance tax calculated where the land is eligible for 50% APR, the agricultural value is less than...
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15th Aug
Q&As
Does the limited spouse exemption for transfers to non-domiciled spouses apply in addition to the basic nil rate band?Section 18 of the Inheritance...
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15th Aug
Q&As
On the death of the survivor of a married couple A and B, where B had survived a previous spouse C, in what circumstances would the transferable...
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15th Aug
Q&As
How should regular gifts of rental income be documented where the donor wishes to retain legal and beneficial ownership of the rental property?It has...
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15th Aug
Q&As
Two persons, A and B, have a joint qualifying interest in possession in the trust property. On the death of the first life tenant, how is their...
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15th Aug
Q&As
If the nil rate band increases between the deaths of spouses but the first deceased spouse fully used their nil rate band on their earlier death, can...
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15th Aug

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