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Where Taxpayers and Advisers Meet

Search found 6 matches

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by Rows Mum
Fri Sep 06, 2019 10:32 am
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: agricultural relief on let farm
Replies: 1
Views: 183

agricultural relief on let farm

Deceased owned a farm which was let on a Scottish secure agricultural tenancy to a partnership which included the deceased. The whole farm was comprised in the lease, including a cottage which the partnership lets to a third party who has no connection to the farming operations. Presumably neither a...
by Rows Mum
Wed Jul 06, 2016 10:34 am
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Trust nil rate bands
Replies: 0
Views: 266

Trust nil rate bands

Hi there. I have a client who established a relevant property trust in 2003, and a second one in 2012. He died in 2015. In terms of his Will, made in 2004, part of his estate is to pass to the 2003 Trust. The 2012 trust gift reduced the nil rate band available on death. To complicate matters, there ...
by Rows Mum
Thu Nov 06, 2014 3:42 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Sale of House and Reservation of Benefit
Replies: 2
Views: 524

Re: Sale of House and Reservation of Benefit

Thanks, Loza. That's what I thought, and good to have it confirmed.
by Rows Mum
Wed Nov 05, 2014 1:36 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Sale of House and Reservation of Benefit
Replies: 2
Views: 524

Sale of House and Reservation of Benefit

A sells her house to B, a longstanding family friend, at market value. After the sale, B allows A to continue living in the house for a very nominal rent. Any reservation of benefit issues here? Sale hasn't yet gone ahead. Intention is to get 2 separate valuations or ask 2 valuers to negotiate sale ...
by Rows Mum
Wed Nov 27, 2013 10:23 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Private Co Shares and Discounts
Replies: 1
Views: 303

Private Co Shares and Discounts

Would appreciate any advice anyone has with regard to discounts on private company shares. Private property investment co, small number of shareholders - family members and a couple of trusts, the beneficiaries of which are certain family members. The trustees of one of the trusts (trust A) hold 27%...
by Rows Mum
Thu Oct 18, 2012 5:47 pm
Forum: Capital Gains Tax, CGT
Topic: CGT due on Swiss assets in estate?
Replies: 1
Views: 281

CGT due on Swiss assets in estate?

Deceased UK domiciled with Swiss investment portfolio. Beneficiaries resident abroad. Apparently under Swiss law, portfolio vests in beneficiaries at death. Do Executors have to pay CGT on gains when portfolio liquidated? Or can the portfolio be said to have been appropriated to beneficiaries at dat...

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