Tag Archives: inheritance tax

What are the tax implications of being the Bank of Mum and Dad?

My husband has recently retired and we are ready to plan the next stage of our lives. Our first decision is to sell our historic but rambling country home and downsize to something more manageable. Once we have bought a …

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Lifetime giving: Can I give my home to my children (and still live in it)?

For many people, their home is on of their most valuable asset, if not the most valuable. It is therefore an obvious candidate for lifetime estate planning. The question therefore often comes us as to whether it is possible for …

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Lifetime giving: how to efficiently gift business assets

For certain individuals, business assets can form a significant portion of their wealth and so considering how those assets might be passed to the next generation often forms a key part of their estate plan. Business assets can benefit from …

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Lifetime Giving: US/UK giving

Considering the UK tax rules on lifetime gifts can be complex, but having to marry these with the corresponding US rules if the donor and/or recipient are also US taxpayers can make the task yet more difficult. A donor can …

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How women can prepare for their greater exposure to IHT

Given that women on average live longer than men, it is more likely that women will inherit significant wealth from their spouses and other family members than their male counterparts. As a result, a recent study states that women have …

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Lifetime Giving: Gifting in the Arts (CGS v AIL)

The Arts Council England saw a record-breaking year in 2020 with the value of cultural objects and art entering public ownership equating to an impressive £64.5 million with £40 million of tax liabilities being settled in return. Philanthropic giving of …

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Looking at the Budget 2021 from a Private client perspective

PROPERTY SDLT Holiday Extension Having heard the representations from housebuilders and buyers, the Chancellor announced that the current SDLT threshold of £500,000 will be extended until 30 June 2021. After that date, there will be a gradual tapering of the …

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Overview of English Inheritance Tax law – Part 1 (Turkish language)

An overview of English Inheritance Tax law from Tulin Kiranoglu-Hamit (Turkish language) Collyer Bristow’un Vergi Departmani uluslararasi vergi planlamasi konularinda uzmanlasmis ekibi ile Turk muvekkilerine destek vermeye devam etmektedir.  Tulin Kiranoglu-Hamit onculugunde  Collyer Bristow hukuk firmamiz Turk muvekkilerine vergi hukuku ve …

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Taking tax online?

The Office for Tax Simplification has released its first report on how HMRC’s process of collecting inheritance tax could be improved by simplifying forms and making more of the process digital. These are the sorts of changes that might not …

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