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Where Taxpayers and Advisers Meet

Search found 92 matches

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by riccardob
Sun May 12, 2019 12:46 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: corbyn and his plans for iht...
Replies: 3
Views: 609

corbyn and his plans for iht...

Hello, Should we end up with the triumvirate of corbyn, mc donnell and abbott at no 20 what are their plans in terms of iht? I have read about an emergency budget but none of the paowts mention actual plans for iht plans. My guess would be scrapping the 7 year rule for gifts. I was wondering if the ...
by riccardob
Wed Sep 05, 2018 6:48 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: how likely is this..
Replies: 5
Views: 590

Re: how likely is this..

Maths i agree with all you said but i was hoping for you to say whether you think this is actually likely to happen or not. ;)

imho if it did hwppen i think there would be an exodus of taxpayers.
by riccardob
Wed Sep 05, 2018 12:01 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: how likely is this..
Replies: 5
Views: 590

how likely is this..

http://www.dailymail.co.uk/news/article-6132509/Archbishop-Canterbury-declares-wealthy-families-pay-tax-help-poor.html Basically seven year rule would be scrapped and gifts taxed at income tax rates so potentially 50% tax per gift.... I ask the experts on this forum, how likely do you see something ...
by riccardob
Wed Oct 25, 2017 5:03 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: usufruct EU property
Replies: 3
Views: 8672

Re: usufruct EU property

do you mean the usufruct value or the value of the whole property?
by riccardob
Mon Oct 16, 2017 3:18 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: usufruct EU property
Replies: 3
Views: 8672

usufruct EU property

Hi,

Does anyone know how does HMRC treat the ususfruct of a uk domiciled deceased who owed a property in the EU?

Under the EU country's jurisdiction, the usufruct was worth X and the remainder of the property Y. Does HMRC still calculate
IHT on X + Y or just X?

Thanks
by riccardob
Mon Jan 16, 2017 2:19 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: iht domicile from April 2017
Replies: 1
Views: 539

iht domicile from April 2017

Hello, Yet another question on the new domicile rules commencing April 2017. Does the 15 out of 20 year rule override any consideration regarding the centre of financial interests, family interests, property assets, where one dies / is buried in terms / father's nationality of establishing domicile ...
by riccardob
Mon Jan 16, 2017 11:37 am
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: IHT - citizenship
Replies: 8
Views: 1210

Re: IHT - citizenship

many thanks again.

Just one question, will the clock start from 2017 or will is start from when the person became tax resident in the uk, for example 2005?
by riccardob
Sun Jan 15, 2017 8:14 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: IHT - citizenship
Replies: 8
Views: 1210

Re: IHT - citizenship

i am correct in assuming that if there are double taxation agreements
between the uk and another country said dta would
make the 15 over 20 year irrelevant?
by riccardob
Sun Jan 15, 2017 6:01 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: question on deed of variation
Replies: 21
Views: 3998

Re: question on deed of variation

thanks again maths.

what would a ball park figure be for a dov invloving cash and one property?
just a rough idea, 500 quid, one k?

would you be available to do this?
by riccardob
Sun Jan 15, 2017 1:26 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: question on deed of variation
Replies: 21
Views: 3998

Re: question on deed of variation

'll explain better: a has died and b has inherited from a but b is old and wants to donate to c. as I understand it a dov written by b would help c avoid iht on b death. is this correct? Correct. If b executed an instrument of variation then the property b was due to inherit from a would not be so ...

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