Tuesday, August 09, 2011 | Posted by: Naomi Smith
Categories:
Business,
Protecting your wealth
| Tags: business,
tax,
property,
inheritance tax,
IHT,
relief,
liability,
Naomi Smith,
estate planning,
value,
APR,
farming,
IHT planning,
agriculture,
exemption,
farms,
agricultural property relief,
leasing
Agricultural property relief doesn’t always offer farmers and farmhouse owners an exemption from inheritance tax (IHT). Here, for example, are two scenarios that may trigger a crippling final IHT bill for the unsuspecting. Read on to make sure you don’t have to sell the family farm…
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Friday, January 14, 2011 | Posted by: Francesca Lagerberg
Categories:
Personal
| Tags: tax planning,
inheritance tax,
IHT,
relief,
trading,
exemptions,
estate planning,
BPR,
Business Property Relief,
estate management,
APR,
farming,
holding of investments,
Agricultural Property Relief
Inheritance tax (IHT) is increasingly becoming a major tax burden. Despite assurances in various election manifestos, little has been done by the new coalition government to alleviate this and with a black hole in the economy to fill, the prospect of a major reform seems increasingly unlikely. With this in mind, a recent case reached an interesting conclusion, which may be important for landowners to consider as the IHT savings could be significant.
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