The Treasury’s response to proposals for tax simplification
No major changes to inheritance tax and capital gains tax will be flowing from the Office of Tax Simplificatio...
Inheritance tax and trusts
Inheritance tax and trusts
The normal expenditure out of income exemption
The normal expenditure from income exemption provides a valuable exemption from inheritance tax. ...
How multiple trusts can reduce inheritance tax
One effect of the inheritance tax changes to trusts in Finance Act 2006 was that trusts within the ‘relevant p...
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Protecting the family future
Family investment companies (FICs) are becoming increasingly popular in today’s age.
A complicated gift
Under Finance Act 1986 s 102, when there is a reservation of benefit in gifted property at the date of death, ...
Death and taxes
The events of the last year have focused our minds, leading many people to review or write their wills. ...
New hurdles to overcome
In my first article in the March issue of Tax Adviser, I considered how home loan arrangements were set up and...
Deferral of retirement benefits
Funded unapproved retirement benefit schemes (FURBS) and funded employer-financed retirement benefit schemes (...
How to be a trustee
If you are appointed as a trustee, it is important to understand clearly the position you have accepted. ...
Keeping it in the family
The home loan scheme (or, as it is sometimes known, the ‘double trust’ scheme) became a popular way of avoidin...