Inheritance Tax

‘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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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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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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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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Business Property Relief and Property: The Latest

It is well known that HM Revenue & Customs (HMRC) are very reluctant indeed to allow business property relief for inheritance tax where the business is that of letting property. HMRC have consistently taken the view that while the letting…
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