The gift of undivided shares of property will not be subject to the ‘gift with reservation of benefit’ (GWRB) rules provided the donor and donee both ... Continue Reading
The gift of undivided shares of property will not be subject to the ‘gift with reservation of benefit’ (GWRB) rules provided the donor and donee both ... Continue Reading
Because of the differential between income tax and corporation tax rates, holding property in a non-resident company can result in a lower tax charge. In addition, ... Continue Reading
‘Trusts for Bereaved Minors’ (‘TBM’) and ‘Age 18 to 25’ Trusts are ‘Discretionary’ trusts that are exempt from tax ... Continue Reading
If a gift of a property (or share of a property) is made or a property is sold at less than its market value, CGT is charged as if the donor had received the market ... Continue Reading
How does it work? The beneficiary has the right to receive an income for a defined period from the trust (usually for the remainder of the beneficiary’s ... Continue Reading
What is a trust?A trust is created when a person (a ‘settlor’) transfers assets to people whom they ‘trust’ (‘trustees’) to hold ... Continue Reading
A form of ‘reinvestment relief’ is available in situations where ownership of property is swapped or is changed from joint ownership to each owning their ... Continue Reading
Beneficiaries under a deceased’s will are deemed to inherit the assets at market value as at the date of death. However, if a property is sold within four ... Continue Reading
On separation many couples decide that one party is to remain in the main residence – especially if there are children. If this is the case the sale of the ... Continue Reading
