Intra-family debts and IHT

20 August 2013

The deductibility of debts for inheritance tax (IHT) purposes is a hot topic at the moment, following the changes introduced to IHTA 1984 by this year’s Finance Act.  However, it’s easy to overlook more mundane loans between family members. Not surprisingly, these loans often remain undocumented as they tend to be informal arrangements.  However, that […]

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A tip for Lasting Powers of Attorney

15 August 2013

Lasting Powers of Attorney should be regarded as central to any family’s wealth planning armoury. Even non-UK domiciled individuals should make one if they directly own UK assets (something that those de-enveloping UK real estate from offshore structures into direct ownership should be being advised about, but that’s another story). It is no laughing matter […]

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ATED tax returns

5 August 2013

The final version of the tax return for the new Annual Tax on Enveloped Dwellings (ATED) has been published by HMRC. So, now is the time to start thinking about whether ATED applies to you or your clients. ATED is only a potential concern if a corporate entity, or a partnership with a corporate member, […]

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