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Succession Planning: Having your cake?
Jennifer Emms considers the outcome of schemes used to reduce IHT on the family home and outlines best practice ‘While I understand the legal distinction that has been drawn between the Hood case and Buzzoni, the practical result seems to be somewhat arbitrary.’ I am a fan of all things sweet, in particular, cake, whether …
Cases Referenced
Cases in bold have further reading - click to view related articles.
- Buzzoni & ors v HMRC [2013] EWCA Civ 1684; [2014] WTLR 421 CA
- In re Nichols, deceased [1975] 1 WLR 534
- Ingram v Commissioners of Inland Revenue [1998] UKHL 47
- Street v Mountford [1985] UKHL 4
- Viscount Hood Executor of the Estate of Lady Diana Hood v HMRC [2017] UKUT 276 (TCC)