Bennett & ors v IRC [1995] STC 54

IHT: Showing resolved intent

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Peter Nellist highlights a key exemption to inheritance tax and discusses the importance of a lasting power of attorney ‘The proper use of a resolution, as opposed to relying on a pattern building up from past gifts, can make it possible for the s21 exemption to apply to what otherwise HMRC would argue was a …

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IHT: Write it down

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Peter Nellist outlines ten steps to securing the IHT income exemption ‘A major objective should be to unite and illustrate the settled pattern of the past and propose a pattern as regular as possible for what is to be the future use of the exemption.’ It can be difficult to obtain acceptance by HMRC that …

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