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Capital Taxes

Inheritance Tax - Business Property Relief

Tax Clinic - Capital Taxes
Written by Mark McLaughlin CTA (Fellow) ATT TEP
Saturday, 12 April 2008 06:17
'Business Property Relief' is an important and very valuable relief for Inheritance Tax purposes. Not surprisingly, certain conditions must be satisfied for the relief to be available. This month's Tax Clinic looks at one of those conditions. Write comment (0 Comments)
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Gift With Reservation - Jointly Owned Property

Tax Clinic - Capital Taxes
Written by Mark McLaughlin CTA (Fellow) ATT TEP
Tuesday, 01 January 2008 20:00
For Inheritance Tax (IHT) purposes, it would be useful if individuals could give assets away but continue to use them afterwards. Unfortunately, as the following query illustrates, there are anti-avoidance rules, which can result in an IHT charge in many such situations. Write comment (0 Comments)
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Nil Rate Band Discretionary Trusts following Pre-Budget Report 2007

Tax Clinic - Capital Taxes
Written by Mark McLaughlin CTA (Fellow) ATT TEP
Saturday, 03 November 2007 06:36
Pre-Budget Report Note 16 (‘Inheritance Tax (IHT) Nil-Rate Band’) announced that changes would be introduced in Finance Act 2008 to allow a claim to be made for any unused proportion of the IHT rate band on a person’s death to be transferred to a surviving spouse or civil partner who dies on or after 9 October 2007. How do these proposals affect those taxpayers who included nil rate band discretionary trusts (NRBDTs) in their Wills? Write comment (0 Comments)
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Concession C16 And The Extraction of Cash

Tax Clinic - Capital Taxes
Written by Mark McLaughlin CTA (Fellow) ATT TEP
Saturday, 13 October 2007 08:42
What is Extra Statutory Concession C16, and how can it help when the business life of a company is coming to an end? Write comment (0 Comments)
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Sale Of Holiday Cottage - What Are The Tax Implications?

Tax Clinic - Capital Taxes
Written by Mark McLaughlin CTA (Fellow) ATT TEP
Saturday, 15 September 2007 07:08
Furnished Holiday Lettings (FHL) have potential tax advantages over other types of lettings, if certain conditions are satisfied. This month's Tax Clinic features a question not only involving FHL's, but also the implications of transferring assets between spouses on the breakdown of a marriage. Write comment (0 Comments)
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