The Office of Tax Simplification (OTS) have published a report containing proposed changes relating to Inheritance Tax (IHT). The Government will decide which of these rules will become law.
Property Trading Companies & Business Property Relief (BPR) – Case law developments
This article focuses on the developments in case law relating to serviced accommodation and holiday lettings however there have been similar principles established for BPR claims for farming and estates businesses.
Is Inheritance Tax (IHT) A Voluntary Tax?
Some Inheritance Tax liability is avoidable by careful early planning and just as important is the risk that if you do survive a partner that you may not have enough remaining funds to enable you to enjoy the remainder of your lifetime in the manner that you would wish.