Monthly Archive: October 2023

A Failed IHT Business Property Relief Claim

The First-tier Tax Tribunal recently found that the provision of a converted barn as a wedding venue business was wholly or mainly for the purposes of holding its property as an investment. Consequently, it did not create an entitlement to…
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Business Succession, Mutual Wills & Proprietary Estoppel

The England and Wales High Court (EWHC) has rejected a will challenge made by two brothers on the basis of mutual wills allegedly made by their parents. Nevertheless, it allowed the claim on the alternative ground of proprietary estoppel.  This…
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Inheritance Tax to Double!!!

The annual amount raised by inheritance tax will rise from £7  billion to £15 billion over the next decade a recent report has found. As each generation amasses more wealth, those who inherit will have to pay more to the…
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