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Last updateTue, 24 Feb 2015 5pm

Maurice Turnor Gardner LLP

Maurice Turnor Gardner LLP

Jennifer Emms considers the outcome of schemes used to reduce IHT on the family home and outlines best practice

I am a fan of all things sweet, in particular, cake, whether of the sponge, fairy, or fruit variety. Autumn is a delightful time of year, not just due to the changing leaves and the start of crisp, cold days but because it heralds the beginning of my firm’s ‘bake off’. Contestants battle it out to wow their colleagues with an array of confectionary masterpieces and it is impossible to wander the corridor without appreciating the aroma of freshly baked goods: cookies; brownies; muffins… I digress. Lord Hutton once succinctly and, in my view, aptly, described the inheritance tax ‘gifts with reservation of benefit’ (or GWROB, as they are known) rules as legislation which ‘does not allow a donor to have his cake and eat it’. However, he also noted that (at least at that time) ‘there is nothing to stop him from carefully dividing up the cake, eating part and having the rest’.

Claire Roberts outlines a case where a claim was brought under the 1975 Act by a former spouse who was also a co-habitee

The law of succession has been much in the news lately after Regulation (EU) 650/2012 (known as Brussels IV) came into effect on 17 August 2015. The discussions surrounding the long-awaited Brussels IV, and the UK’s decision not to opt in, often focus on the inherent differences between: