Inheritance Tax Faces a Fundamental but Interesting Change
Under proposed changes to the inheritance tax, the current rules on gift-giving could be cut down from seven years to five. A review of the system ordered by chancellor Philip Hammond claimed the period in which executors are required to…
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‘Inheritance Tax Planning with Investment Property’
‘Inheritance Tax Planning with Investment Property’, is now available for you to download at absolutely no cost today, Tuesday 4th June, and for the next two days. Simply go to Amazon Books and type in ‘Steve Parnham’ or follow this…
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Inheritance Tax & Investment Property – What Clients will be Reading Next Week!!!
Inheritance Tax Planning with Investment Property’ will be published on Amazon Kindle early next week. The book will be available to you as one of my blog subscribers absolutely free of charge on Kindle to download for two or three…
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IHT tax receipts breaks records again hitting £5.4bn
Inheritance tax receipts have increased to a record £5.4 billion in the 2018/19 tax year according to HM Revenue and Customs figures published in late April. Receipts increased by around £160 million in just a year from £5.2 billion in…
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Details of new HMRC restrictions on CGT private residence relief
HMRC has launched a consultation on changes to private residence relief from capital gains tax that were announced at Budget 2018. As from 6 April 2020, lettings relief will be restricted to owners who share occupancy with a tenant. Lettings relief…
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Tony Benn’s estate reduces estates inheritance tax by £210,000 – Planning Tip.
The archive of the late Tony Benn has been donated to the British Library under the acceptance in lieu scheme, allowing his family to reduce a substantial inheritance tax bill. The enormous collection, comprising several hundred thousand documents and recordings…
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Reform of Inheritance Tax System???
Chancellor Philip Hammond wrote to the Office of Tax Simplification in January last year asking it to review inheritance tax. In a report published in November 2018, the OTS recommended the government implement a fully integrated digital system for IHT….
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Still an Amazon #1 Best Seller after two years!
“The Absolute Essence of Inheritance Tax Planning” –Best Seller in Tax Law – https://amzn.to/2VO8njn
Tony Benn’s estate reduces inheritance tax by £210,000 – Planning Tip.
The archive of the late Tony Benn has been donated to the British Library under the acceptance in lieu scheme, allowing his family to reduce a substantial inheritance tax bill. The enormous collection, comprising several hundred thousand documents and recordings…
Read more
Inheritance Tax & Agriculture: Wine & Apples!!!
A special relief from inheritance tax is afforded to land that is occupied “for the purposes of agriculture”. The term is not exhaustively defined – no doubt the parliamentary draftsman thought that unnecessary and that, like an elephant, you would…
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