- How a discounted gift trust may help with inheritance tax planning
The following article provides information about inheritance tax planning for UK domiciled individuals where a gift has been made and the individual still requires access to withdrawals.
- How a loan trust may help with inheritance tax planning
The following article provides information about inheritance tax planning for UK domiciled individuals where access to capital is required.
- How an absolute or discretionary trust may help with inheritance tax planning
The following article provides information about inheritance tax planning for UK domiciled individuals where a gift has been made and the individual does not require access to capital or withdrawals.
- IHT - the forgotten tax
Inheritance tax (IHT) should not be overlooked when financial planning – its impact isn’t felt until the client dies, and often clients may have more pressing issues to deal with in the here and now. This article provides some reminders of ways to save on the eventual IHT bill.
- Excluded property trust - the outside advantage
This article explains the importance of using excluded property trust in the UK inheritance tax planning for non-UK domiciles living or planning to live in the UK.
- Regular gifting can be more rewarding than you would think
This article explains the iheritance tax planning benefits of making regular gifts out of income. This article assumes that you are familiar with the basic workings of inheritance tax.
- Inheritance tax planning by making regular gifts out of income in practice
The following illustrative case studies demonstrate how making gifts out of income to use the normal expenditure out of income exemption can work in practice.
- The Rysaffe principle - Inheritance tax (IHT) planning with multiple trusts
The Rysaffe case demonstrates that there are various ways of using multiple trusts in order to achieve effective IHT planning. This article sets out the key Rysaffe principles and gives you example scenarios that you can use with your clients.
- Is it ever too late for inheritance tax planning?
When advising on inheritance tax planning, it is clearly important not to recommend a particular trust based simply on its popularity, convenience or marketability. This article compares a Royal Skandia and Skandia Ireland unlimited liability loan trust with a Royal Skandia Discounted Gift Trust for UK inheritance tax planning purposes.
- Business Property Relief (BPR) and Agricultural Property Relief (APR)
This article explains how BRP and APR operate in relation to Inheritance Tax (IHT) planning and also highlights some of the recent cases on this topical subject.
- Inheritance tax (IHT) charges on pension death benefits
This article explains the facts and implications of an IHT and pension case of DM Fryer & Others (Personal Representatives of Patricia Arnold Deceased) v HMRC FTT [2010] UKFTT 87 (TC), TC00398. This is provided as historical reference as it has been superceded by the changes announced on 9th December 2010.