Hello, If gifts are made from a donor when he is not domiciled in uk for tax purposes but then said donor becomes uk domiciled and dies within seven years of said gifts, are those gifts exempt from IHT as when they were made the donor was not domiciled? Many ... Continue Reading
My late father owned shares in many small unlisted businesses, often startups. I have listed them all out on form IHT412 (and used an extra Excel sheet too as there weren't enough rows on the form). Most attract Business Relief or Replacement Business Relief ... Continue Reading
Hi My father gifted part of the property we live in together. We have decided to stay together jointly and i want to make sure everything is in line. When the gift was made we had to provide a value of the house to be entered on land registry. We did not get ... Continue Reading
I thought this question best asked here. In 2010 i bought a buy to let property my first ever purchase. Me and my father have always lived in his house. He owns only 1 property. In 2016 he gifted that to me making us joint owners. The gift was for no money and ... Continue Reading
Can someone clear the fog of this income tax/ pension payment question please? I am a retired person who has recently submitted a claim for the cashing-in of one of my pension policies. This has been done as a UFPLS payment and I have received both the net figure ... Continue Reading
Why does form IHT 400 ask about gifts made in 1986 ,many more than 7 years ago? Continue Reading
My unmarried friend sold her primary residence 12 months ago, which was her only property. She is now buying a property to rent out, which will be her only property. Am I correct in saying she will not be liable for the 3% higher rate SDLT on the purchase? Many ... Continue Reading
The following response can be found on HMRC's Income from property forum: [b]I believe that capital allowances are not relevant for FHL tax calculations when using the Cash Basis (except cars etc) However some documentation (may just be out of date) eg PIM ... Continue Reading
