Your property may qualify for the conditional exemption from inheritance tax (IHT) if it is considered to be heritage property. This could be very useful for your family as it means that such property, which is not restricted to just land, can pass down the generations with no IHT being payable at the time. There […]
Read moreJoyce and Sybil Burton, sisters in their late 80’s, hit the headlines in 2006 having lost a case against the Government. They had lived together all their lives but realised that on the first death there would be a substantial amount of Inheritance Tax on their home and thought that this was unfair. Married couples […]
Read moreI expect that you’re quite busy finishing off your Autumn statement. Could I beg a favour, and ask you to look at your predecessor’s proposals to introduce a main residence nil rate band for Inheritance Tax purposes. In a nutshell, it is over complicated, discriminatory, and potentially problematic in certain circumstances. It seems that if […]
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