Trusts and Inheritance Tax Guidance

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Inheritance tax planning

Get to know everything you need to about inheritance tax planning to help your customers keep abreast of tax policy updates.
Latest Guidance
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28 Jun 2019

This note considers the inheritance tax (IHT) implications of divorce, or possible divorce, both in relation to the parties themselves and other relations whose lifetime...

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28 Jun 2019

Discounted gift schemesThese types of scheme are particularly suitable for those who have available liquid assets which can be realised without incurring any substantial...

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28 Jun 2019

The value elements of agricultural propertyAgricultural Property Relief is limited to the agricultural value of agricultural property. The market value of the property...

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28 Jun 2019

The application of both APR and BPR to farmingAgricultural Property Relief (APR) is available on agricultural property and is restricted to agricultural value. Business...

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27 Jun 2019

Qualifying cottagesFarmworkers’ cottages qualify for APR if:•they are occupied together with agricultural land•for the purposes of agriculture•and are of a ‘character...

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27 Jun 2019

BPR implications for owner managersBusiness property relief (BPR) is likely to be one of several factors considered when deciding whether to acquire or hold the trading...

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27 Jun 2019

The family home is often the largest asset in the estate and is frequently an obstacle to effective estate planning.The simplest approach is usually for the client to...

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27 Jun 2019

Where an owner has claimed, or is considering claiming conditional exemption on heritage property, he may also wish to consider whether or not to establish a heritage...

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27 Jun 2019

This guidance note considers the basic content of a Will and the typical provisions found in most Wills. Other guidance notes in this sub-topic deal with provisions that...

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27 Jun 2019

An outright gift is the most straightforward type of gift. It simply involves the outright transfer of property from one person to another with no conditions...

Latest Guidance
Trust_tax_img2
Trusts And Inheritance Tax

This note considers the inheritance tax (IHT) implications of divorce, or possible divorce, both in relation to the parties themselves and other relations whose lifetime...

Trust_tax_img3
Trusts And Inheritance Tax

Discounted gift schemesThese types of scheme are particularly suitable for those who have available liquid assets which can be realised without incurring any substantial...

Trust_tax_img7
Trusts And Inheritance Tax

The value elements of agricultural propertyAgricultural Property Relief is limited to the agricultural value of agricultural property. The market value of the property...

Trust_tax_img4
Trusts And Inheritance Tax

The application of both APR and BPR to farmingAgricultural Property Relief (APR) is available on agricultural property and is restricted to agricultural value. Business...

Trust_tax_img7
Trusts And Inheritance Tax

Qualifying cottagesFarmworkers’ cottages qualify for APR if:•they are occupied together with agricultural land•for the purposes of agriculture•and are of a ‘character...

Trust_tax_img9
Trusts And Inheritance Tax

BPR implications for owner managersBusiness property relief (BPR) is likely to be one of several factors considered when deciding whether to acquire or hold the trading...

Trust_tax_img7
Trusts And Inheritance Tax

The family home is often the largest asset in the estate and is frequently an obstacle to effective estate planning.The simplest approach is usually for the client to...

Trust_tax_img2
Trusts And Inheritance Tax

Where an owner has claimed, or is considering claiming conditional exemption on heritage property, he may also wish to consider whether or not to establish a heritage...

Trust_tax_img7
Trusts And Inheritance Tax

This guidance note considers the basic content of a Will and the typical provisions found in most Wills. Other guidance notes in this sub-topic deal with provisions that...

Trust_tax_img4
Trusts And Inheritance Tax

An outright gift is the most straightforward type of gift. It simply involves the outright transfer of property from one person to another with no conditions...