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Where Taxpayers and Advisers Meet

Search found 7 matches

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by samuelp
Thu Nov 01, 2018 11:11 am
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Gifting a beneficial interest in a commercial lease
Replies: 4
Views: 453

Re: Gifting a beneficial interest in a commercial lease

I thought this may be relevent to my question.

https://www.taxation.co.uk/Articles/2017/10/03/337034/deduction-trust-management-expenses
by samuelp
Thu Nov 01, 2018 11:00 am
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Gifting a beneficial interest in a commercial lease
Replies: 4
Views: 453

Re: Gifting a beneficial interest in a commercial lease

Thanks for your response.

Regarding your response to 6, can the income from the Lease to the Bare Trust be used to pay expenses for the lease e.g. Rent review, accounting etc? Can these expenses be deducted from income for tax purposes?

Thanks again for your assistance.
by samuelp
Mon Oct 29, 2018 9:21 am
Forum: Stamp Duty, Stamp Duty Land Tax, SDLT
Topic: Gifting beneficial interest in a commercial lease
Replies: 1
Views: 684

Gifting beneficial interest in a commercial lease

My wife and I have a Commercial lease for a retail properly with residential uppers which was acquired around 30 years ago when I purchased a business as a going concern. There is 7 years remaining on the lease. I have granted the lease to a third-party for which I get an Income of £30k per year whi...
by samuelp
Mon Oct 29, 2018 9:18 am
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Gifting a beneficial interest in a commercial lease
Replies: 4
Views: 453

Gifting a beneficial interest in a commercial lease

My wife and I have a Commercial lease for a retail properly with residential uppers which was acquired around 30 years ago when I purchased a business as a going concern. There is 7 years remaining on the lease. I have granted the lease to a third-party for which I get an Income of £30k per year whi...
by samuelp
Mon Nov 30, 2015 12:39 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Gifting money/shares to grandchildren
Replies: 6
Views: 1881

Re: Gifting money/shares to grandchildren

a genuine gift by whom, you or your parents (hence would the amount subscribed by your parents be at market value, taking into account any additional value that you would subsequently generate for the company)? the gift will be made by my parents by selling up shares in their share ISA's. The amoun...
by samuelp
Fri Nov 27, 2015 10:40 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Gifting money/shares to grandchildren
Replies: 6
Views: 1881

Re: Gifting money/shares to grandchildren

... so if they give your children shares your parents would subscribe for shares in your company with both you and your parents, at the time of subscription, knowing that the shares would be given to your children ... Yes, they would subscribe knowing that some of their shares would be gifted to th...
by samuelp
Fri Nov 27, 2015 1:56 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Gifting money/shares to grandchildren
Replies: 6
Views: 1881

Gifting money/shares to grandchildren

Hi. My parents wants to gift my children and my brothers children (all minors) either cash or shares in a new company which I have incorporated. If money will be gifted it will be from the ISA's my parents hold. If shares are gifted, my parents will first invest in my new business through the sale o...

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