Hello, I am retired and recieve a state and private pension. I still have a company that has not traded for some years but it still has over £100k in cash no debts or creditors, just cash. Should I take a dividend each year at 8.75%tax or just a straight MVL ... Continue Reading
Hello all, A couple of quick points I’d like to test with people who deal with this more often. If reporting gifts out of excess income on the IHT403, but the gifts are a bit higher than income minus normal expenses (always a debate on what “normal” means), ... Continue Reading
I am an active farmer and VAT registered. I recently purchased additional agricultural land which I shall be farming. I incurred legal costs which included the standard rate of VAT in the transfer. I wish to reclaim the VAT on the legal costs. My account asserts ... Continue Reading
Hi, My wife and I are tenants in common and are thinking of putting our principal/main residence home into a NRB discretionary trust. The beneficiary will be our daughter. All 3 will be trustees. Once my wife and have both passed on and the assets of the trust ... Continue Reading
Hi folks Ten years ago I was gifted a rental property by my mother, the property had been in my family for generations. I have managed the property and declared and paid my taxes on the rental income. There was a very complicated issue regarding the title of the ... Continue Reading
When my mum died, there was nothing left to be inherited through her will. However, she and I were joint tenants of a property that she paid for, which reverted to me by survivorship on her death. It's about to be sold, and obviously I don't want to benefit and ... Continue Reading
Facts: 1. Great grandma died and her estate left £10k to each of 3 minor great-grand kids in 2020 ( under a deed of variation ) 2. Wife and husband (parents of the 3 minors) invested the monies in a ethical, sustainable investment fund, 3 accounts but nominally ... Continue Reading
Doing some IHT planning and not sure how/if the following would impact my position: 1. If I die within 7 years of making gifts but the size of my charity donations in my will means the 10% reduction in IHT is applicable (40% to 36%) does the rate after taper relief ... Continue Reading
