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Where Taxpayers and Advisers Meet

Search found 6 matches

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by logistic
Tue Nov 12, 2019 11:09 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: IHT allowances
Replies: 4
Views: 185

Re: IHT allowances

Thank you for your interest Pawncob
This case has no connection with my own earlier personal post, and I posed the question on behalf of friends who are not registered with Taxationweb
They would be grateful for any advice offered.
by logistic
Sat Oct 12, 2019 2:34 pm
Forum: Savings & Investments, Pensions & Retirement
Topic: NHS Pension
Replies: 0
Views: 11772

NHS Pension

I have an NHS pension and a SIPP. I have exceeded the current lifetime pension allowance and my NHS pension will be reduced as a result of the lifetime allowance tax charge. My financial advisor has told me that if I crystallise my SIPP before drawing my NHS pension, the value of the SIPP will not b...
by logistic
Sat Sep 14, 2019 9:43 pm
Forum: Income Tax
Topic: Personal Allowance
Replies: 1
Views: 2710

Personal Allowance

Would this plan be valid ? My two grandsons are 16 and 13 respectively and are at a fee paying school. In due course they will go on to university. To ease the financial burden on their parents, I envisage purchasing a property in the boy’s names that will attract a substantial rent. As the boys wou...
by logistic
Thu Sep 20, 2018 10:05 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: IHT liability
Replies: 3
Views: 693

IHT liability

I have been left the estate of my late husband which has been valued at some £563,000. As his spouse there is no IHT due. As I am already comfortable financially in my own right, I have contemplated having a deed of variation drawn up in my adult children’s favour. I have been advised that in doing ...
by logistic
Mon May 21, 2018 8:34 am
Forum: Capital Gains Tax, CGT
Topic: CGT liability
Replies: 2
Views: 408

CGT liability

Our parents retired to Spain some years ago but on the recent demise of our father our mother has returned to the UK and now reoccupies their home in the UK. During their absence in Spain their UK home was rented out for several years and as a consequence we have been advised as follows: The several...
by logistic
Thu Nov 12, 2015 4:11 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: IHT mitigation etc.
Replies: 1
Views: 502

IHT mitigation etc.

We would be grateful for an opinion on the validity of this plan to mitigate the impact of our eventual IHT liability and to help with our grandchildren’s school fees. My wife is the owner of a small flat that has been rented out for several years. Its value is now around £120,000. We have never liv...

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