IHT: When in doubt, disclose

Mills & Reeve | Trusts and Estates Law & Tax Journal | June 2011 #127
Matthew Hansell provides pointers on the disclosure of tax avoidance schemes and IHT ‘Effective since 6 April 2011, details of new and innovative schemes and arrangements, which seek to mitigate or avoid an inheritance tax charge on transfers of property into a relevant property trust, will have to be disclosed to HMRC.’ In the 2004 …

Continue reading "IHT: When in doubt, disclose"

This post is only available to members.

IHT: Related property rules update

Brabners LLP | Trusts and Estates Law & Tax Journal | May 2011 #126
Duncan Bailey reviews how jointly owned property is valued for IHT purposes in light of recent case law ‘The related property rules modify this basic valuation principle. This rule applies to property owned by spouses (or civil partners) where the items are worth more when valued together than separately. Each spouse’s property must be valued …

Continue reading "IHT: Related property rules update"

This post is only available to members.