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Where Taxpayers and Advisers Meet

Search found 3 matches

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by ojazz5
Sun Nov 22, 2020 10:53 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Divorce settlement and potential long term IHT consequences
Replies: 5
Views: 314

Re: Divorce settlement and potential long term IHT consequences

Thank you @math - advice received gratefully Under the court order the mother was not granted any right to continue living there. However we of course will allow her to stay as long as she lives. FYI - The reason for this strange situation (i.e. family home going to children) is that the father thro...
by ojazz5
Sun Nov 22, 2020 5:13 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Divorce settlement and potential long term IHT consequences
Replies: 5
Views: 314

Re: Divorce settlement and potential long term IHT consequences

@Maths - thank you very much for this, it was extremely helpful

Can I ask you whether you think I should obtain this in writing from HMRC?, or do you see this as a clear cut matter that the transfer is NOT a gift, and the house can be considered part of the childrens estate now as far as IHT goes?
by ojazz5
Fri Nov 20, 2020 10:18 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Divorce settlement and potential long term IHT consequences
Replies: 5
Views: 314

Divorce settlement and potential long term IHT consequences

Hi All I'd be grateful for your thoughts on a situation within my family, regarding a divorce settlement, and potential long term IHT consequences. We have taken expert legal and accounting advice (which wasn't that helpful sadly), but I'd also be grateful for anyones thoughts here: - Parents recent...

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