Inheritance Tax - Planning

09 May 2024

Case study - a comparison between discretionary and absolute trusts
The differences and the pros and cons of using discretionary and absolute trusts. Trusts can be used to mitigate inheritance tax (IHT), to protect vulnerable beneficiaries and to provide future generations with a legacy. Most types of trust have the option of using either an absolute version or a discretionary version

07 May 2024

Proposed Inheritance Tax changes for UK Resident Non-Doms
Review of the proposals for IHT liability moving to a residence test basis from 06.04.25. Labour proposed changes and planning possibilities

12 April 2024

Providing for inheritance tax (IHT) on death through life assurance - what you need to know
How a life assurance policy can be used to insure against the possibility of an IHT liability and what type of policy is appropriate

05 April 2024

IHT planning with the private residence - what you need to know
When it is appropriate and when it is not to do IHT planning with an individual’s main residence

04 April 2024

Discounted Gift Trusts - what you need to know
The ability to make a lifetime gift that is effective for inheritance tax while retaining access to a regular flow of capital payments by using a Discounted Gift Trust

28 March 2024

How Inheritance Tax Taper Relief works
How Taper Relief can work to reduce the IHT payable on lifetime transfers

27 March 2024

Upper Tax Tribunal reject protective costs order in appeal against £400k inheritance tax charge
A case in which the Upper Tax Tribunal rejected the estate executors' request for a protective costs order in their appeal against a £400k inheritance tax (IHT) charge on the estate, due to arrangements entered into by Mr Peter Linington in 2010 to reduce the amount of IHT that would be payable on his death

26 March 2024

The fourteen year rule and lifetime gifts - an explanation
What the fourteen year rule is and what it isn’t

22 March 2024

Loan trusts - what you need to know
How a Loan Plan works

20 March 2024

Nil rate band planning with cash and investments - what you need to know
How to make the best use of the nil rate bands including the residence nil rate band

20 March 2024

Planning opportunities with the residence nil rate band
The consequences, and planning opportunities, for different client types caused by the introduction of the residence nil rate band

19 March 2024

The transferable nil rate band in estate planning
Maximising the availability of the transferable nil rate band (TNRB) and other planning on the first death of a couple

29 January 2024

Tax implications of releasing loans under a loan trust during lifetime
The tax implications arising on releasing loans under a loan trust during lifetime

26 January 2024

Can a loan trust be used with collectives?
Whether or not a loan trust can be used with collectives

23 January 2024

The importance of dealing with any outstanding loan on a loan trust
The options available for dealing with any outstanding loan on a loan trust/loan plan

19 January 2024

IHT benefits of setting up a loan trust - case studies
How a loan trust could be a suitable estate planning solution for those who are unsure whether or not they require access or wish to make a gift.

10 January 2024

Family investment companies (FICs)
Corporate investment by SMEs and FICs as a trust alternative in IHT planning and as a potentially tax effective home for investment

28 November 2023

A useful guide to inheritance tax computations
Calculating the amount of inheritance tax payable