would this iht saving trick work?

[PEJ]

if the parent of a couple owned a house that could even vaguely be used as a B&B could the couple

(1) register a domain name for the B&B in their own name

(2) agree in principal the sale of the parents house at, say, £500K

(3) get the buyer to pay £480K for the house and £20K for the domain name. £20K = no CGT on sale of domain name

£480K goes to the estate raising no eye brows with the HMRC and £20K goes straight to the couple saving £8K of IHT.
Not much but every little helps!

[mullet]

Your words "could even vaguely be used as a B & B" suggest to me that the property is not currently being used as a B & B. If a domain name costs £100, then I imagine that the value of a domain name such as lovelyB&B.com or rosecottage.com would be about £100. If you start using artificially inflated values then you're asking for trouble. A bit like the old stamp duty dodge where a £300,000 house sells for £249,999 with the carpets and curtains selling for £50,001.