We all know what constitutes a long time. In the case of a mayfly it’s a day, in politics it’s a week. But what about taxation? There doesn’t appear to be any common measure but let’s assume it’s one year. Twelve months ago when Gordon was still twitching the curtains at number 11 the market bulls were running, the property market was buoyant, and banks and building societies were promoting the importance of keeping the (inheritance) taxman at bay.

Posted: May 2nd, 2008 under Trusts Wills and Estates.
Comments: none

The Phizackerly case, widely reported in the press, concerned the liability to inheritance tax in relation to a particular estate. HM Revenue & Customs sought to recover inheritance tax (IHT) from an estate where commonly used tax planning measures had been incorporated by a couple in their wills. Although the Revenue won, the application of [...]

Posted: July 4th, 2007 under Trusts Wills and Estates.
Comments: none