The concept of 'connected persons': what are the ties that bind?
The concept of connected persons appears throughout the direct taxes legislation.
Inheritance tax and trusts
Inheritance tax and trusts
Grappling with the anomalies of inheritance tax penalties
Recently, there has been much litigation about the procedural aspects of the tax code, including several decisions of th...
Is there a place for multiple trusts?
In the January 2022 issue of Tax Adviser, we examined the changes that had been made to trusts from 18 November 2015 in ...
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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 Simplification (OTS) re...
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 property re...
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, for inheri...
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 HMRC’s hi...