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Where Taxpayers and Advisers Meet

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by riccardob
Fri Dec 16, 2016 4:27 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: deed of variation non dom to dom inheritance
Replies: 5
Views: 1231

Re: deed of variation non dom to dom inheritance

many thanks for you reply. is a solicitor needed to draft a dov or is a letter written by the heirs enough? does the document or letter need to be lodged at hmrc? can a dov only cover part of an estate or does it have to be the whole lot? I also meant to ask whether a DOV can still be used if B rec...
by riccardob
Thu Dec 15, 2016 8:41 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: deed of variation non dom to dom inheritance
Replies: 5
Views: 1231

Re: deed of variation non dom to dom inheritance

many thanks for you reply.

is a solicitor needed to draft a dov or is a letter written by the heirs enough?

does the document or letter need to be lodged at hmrc?

can a dov only cover part of an estate or does it have to be the whole lot?
by riccardob
Tue Nov 22, 2016 12:07 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: deed of variation non dom to dom inheritance
Replies: 5
Views: 1231

Re: deed of variation non dom to dom inheritance

thanks maths.

am i right in saying that the seven year rule does not apply to dov?

Also if everyone is considered not uk domiciled at the time of the dov been drawn would this document still be valid
if any party then assumes uk domicile at a later stage?
by riccardob
Sat Nov 19, 2016 3:56 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: deed of variation non dom to dom inheritance
Replies: 5
Views: 1231

deed of variation non dom to dom inheritance

hi, would a deed of variation be useful if: a) is a foreign non dom never been in uk who leaves assets to b) who is foreign born but possibly uk dom and b)wishes to transfer the whole inheritance to c) a) is brother of b) and b) is father of c) all of the assets are outside the uk. would a deed of v...
by riccardob
Sun Dec 13, 2015 3:24 pm
Forum: Income Tax
Topic: is self assesment online down?
Replies: 1
Views: 570

is self assesment online down?

Hi,

Today 13 12 2015 when I try to login into my self assessment an error message appears.

Does anyone else have this problem?

Many Thanks
by riccardob
Sat Oct 24, 2015 10:23 am
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: new rules iht and domicile
Replies: 1
Views: 474

new rules iht and domicile

hi, i have read the brief guidance on the.gov website regarding changes to the iht regime in 2017. the guidance states that a non domicile who has been living in the uk for 17 out of the last 20 years will be deemed uk tax domiciled. Now the guidance does not say whether there are exemptions under d...
by riccardob
Thu Jul 09, 2015 7:58 am
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: new iht level budget
Replies: 2
Views: 737

new iht level budget

Hi, I've tried to gain an understanding of the new iht threshold but each newspaper reports this in a different way. a) is the extra 175k allowance available only if a family home is worth 350k or more or is it available for all asset regardless of what makes up an estate for example no home but one...
by riccardob
Thu Dec 04, 2014 9:54 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: Would IHT be payable in this scenario?
Replies: 13
Views: 2312

Re: Would IHT be payable in this scenario?

Could I use this same list in reverse, as a guide as to the "major" actions needed to abandon a DoC, Yes, After having ceased the "major" ties, if I were to retain "minor" ties to the UK, such as: • Keeping ISAs and bank accounts in the UK • Retaining UK private pension and state pension entitlemen...
by riccardob
Fri Mar 14, 2014 9:52 am
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: IHT Planning with family home as primary asset
Replies: 6
Views: 1367

Re: IHT Planning with family home as primary asset

Your first post clearly referred to the avoiding a council from reclaiming care fees. The fact that no other tax expert has replied to your latest query says it all really.
by riccardob
Mon Mar 10, 2014 1:14 pm
Forum: Inheritance Tax, IHT, Trusts & Estates, Capital Taxes
Topic: IHT Planning with family home as primary asset
Replies: 6
Views: 1367

Re: IHT Planning with family home as primary asset

Hello, Finally after reading some articles I think that the formation of a trust/tenants in common agreement would mitigate the possibility of my parents house/assets being used by a Local Council to pay towards care fees? If not this potential factor would need to be addressed with any solution pr...

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