Yes - any resident is taxed in the same way
Yes - all non-residents are taxed in the same way - note Mr B's need to remain non-UK resident for over 5 years
Don't know - I'm afraid that's not something I've had to look at.

I see a lot of people (IRL and online) who seem to forget about point 4.

If this person has ever owned a home, their estate may also benefit from 2x the residential nil rate band, adding a possible £350k to the basic £325k NRB.

I'm afraid it remains part of their estate for IHT. There are some provisions which can apply if your parents give you a share of the house but nothing relevant if they have given you the whole thing. I'm not familiar with life rents (presumably this is Scotland) but, assuming it gives them the righ...

I think you may be under a few misapprehensions: 1. You can absolutely spend and/or gift capital receipts. 2. You are correct that the normal expenditure exemption would not apply to capital gifts. 3. Any non-exempt gift (i.e. not covered by any of the exemptions) would be a potentially exempt trans...

I have to make a few assumptions here: 1. This is a "proper" trust - i.e. an established will trust or a trust established by a living settlor. It is not an estate under administration. 2. PPR is not available because no beneficiaries live in the property. 3. The beneficiaries are not currently abso...

CGT: You will each make a disposal for CGT - where your respective gains would be 1/3 of the current market value minus (a) 1/3 of the acquisition price (b) 1/3 of the SDLT/legal fees (c) any capital improvements you have paid for and a £3,000 annual exemption. That net gain is subject to tax at 18%...

You can retrospectively move it back into the estate with a DoV but I'm afraid the 2 year limit is absolute.

If your mum died within the last two years, you could also make the gift by way of a deed of variation of her estate. This would: - retrospectively sever the joint tenancy so that 50% falls into her estate; and - gift that 50% to your sibling. It might cost a little to prepare but a local solicitor ...

Yes, if you pay for an interest in land, the payment will be subject to SDLT. nb you can't escape this by calling it a gift of property and a separate gift of cash. There won't be any CGT as there is a deemed no gain/no loss under s.58 TCGA. You would be treated as receiving the property at the orig...

First, to test a few assumptions, what is the IHT limit you are using. If you are unmarrried/divorced and have a home, I'd expect it to be £500,000, being the £325,000 NRB plus £175,000 RNRB. Yes, you can withhold whatever you want in order to cover additional IHT on your estate. You could also cons...