Tag Archive: inheritance tax planning
‘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…
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….
Inheritance tax avoidance investigations rise as HMRC cracks down on estate undervaluations
HM Revenue and Customs is increasingly targeting estates it believes have undervalued residential property to avoid Inheritance Tax bills, according to an accountancy firm. HMRC investigated 5,400 estates for underpayment of inheritance tax (IHT) last year. This is up 5%…
Latest Farming Dispute Demonstrates the Importance of Written Partnership Agreements
In the latest farming dispute to emerge from the courts (Wild v Wild, 2018 EWHC 2197 Ch), a judge has ruled that a £1.65m farm and bungalow should be included in the deceased’s estate rather than part of a farming…
Inheritance Tax Planning Book Now Bestseller
‘The Absolute Essence of Inheritance Tax Planning’ now reviewed by Money Week as ‘one of the four best guides to tax and pensions’ and Amazon #1 bestseller.
Inheritance Tax Planning: The Next Ten Years?
New research suggests that the total annual amounts passing from one generation to the next will rise from the current level in 2017 of £69 billion to £115 billion by 2027. That is a 66% increase over the next ten…
Inheritances (& Tax) To Rise in the Next Decade
New research suggests that the total annual amounts passing from one generation to the next will rise from the current level in 2017 of £69 billion to £115 billion by 2027. That is a 66% increase over the next…
Inheritance Tax Planning moves into Election Spotlight
Labour’s manifesto is expected to halve the inheritance tax threshold to £425,000 ( i.e. two nil rate bands and two 2017/2018 residential nil rate bands) according to the Evening Standard. Shadow chancellor John McDonnell confirmed on BBC radio that if…
Online calculator for the Inheritance Tax Residential Nil-Rate Band
HM Revenue & Customs has developed an online calculator to enable estate administrators to calculate any additional threshold to which an estate may be entitled, under the residential nil-rate band rules now in effect. Well worth a visit for executors…
Breaking News: Probate Fee Increase Scrapped Ahead of the General Election.
This is a major development for those concerned with estates and inheritance tax planning. Probate fees had been due to rise from £155 or £215 to up to £20,000 for some estates in England and Wales from May. The Ministry…