Inheritance Tax Update
Summary of the latest changes to the tax free threshold and Business Property Relief on holiday home lets
Gifts out of Surplus Income
A useful way of making unlimited gifts of money to individuals which fall outside the estate for Inheritance Tax purposes. Read on to see when the exemption can apply
Live or Let Die!
The advantages and disadvantages of putting in place an Advanced Directive or Lasting Powers of Attorney.
French Tax Update
Newly elected French President François Hollande shelves the French government’s decision to introduce higher taxes on foreign owned holiday homes and the French tax authorities publish a new Tax Instruction regarding filing requirements for trusts with a French connection.
Government Officially Scraps Plan to Cap Relief on Charitable Donations
After stating its intention to clamp down on abuse of unlimited income tax reliefs, the Government has recently reversed its decision to impose a cap on reliefs claimed on charitable donations.
A Second Chance for the Inheritance (Cohabitants) Bill
Here we revisit the statutory rules of intestacy and the importance of making a Will in spite of promising draft legislation which seeks to give unmarried cohabitants rights on intestacy.
New Definition Of A Charity Is Set To Determine The Availability Of Tax Reliefs
We take a look at HMRC’s new definition of a charity and in particular what the ‘management condition’ means for charitable organisations.
Budget 2012 Digest
We identify and summarise some of the key changes introduced by the 2012 Budget which will affect individuals and their tax affairs.
Liechtenstein Disclosure Facility Extension
We take a look at the benefits of the Liechtenstein Disclosure Facility in view of HMRC’s recent decision to extend its application until 5 April 2016
An Encouragement to Charitable Giving
In his 2001 Budget, the Chancellor announced a package of measures to support philanthropy and encourage charitable giving by donors at all life stages. Here we examine the provisions for a reduced rate of inheritance tax for estates leaving 10% or more to charity
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