This case of a lifetime gift of the proceeds of sale of the deceased’s house to her sole surviving daughter considers the interplay between the common law test for capacity to make a significant [...]
As part of the migration of HMRC’s website across to the .GOV.uk site certain old favourite pages will be changing or being lost. If like me you relied on the ‘What’s New’ page to find recent [...]
Mr Wright used his bank to create a discretionary trust with £10 on 20 August 2012 in which he appointed National Westminster Bank plc as trustee. It was in a fairly standard form with the [...]
A corporation has a legal existence separate from those of the individual persons who form it from time to time. The company will typically be owned by the partners in the firm and are used when [...]
This note is only an aide memoire of the changes to the intestacy rules and does not cover the amendments to the Inheritance (Family & Dependents) Act 1975 nor the trust changes which are [...]
Inheritance Tax – a consultation on a fairer way of calculating trust charges or an unfair way of changing the law?
Most of you will be aware that when Inheritance Tax trust taxation changed in March 2006 a practical problem arose of calculating the periodic and exit charges in relevant property trusts where [...]
The Disclosure of Tax Avoidance Schemes (DOTAS) system was introduced for certain taxes in 2006, the statutory framework having been included in the FA 2004. Inheritance Tax (IHT) was not [...]