The IHT annual exemption – use it or lose it!

Although not particularly generous at £3,000 per donor per annum if this annual IHT exemption is not used by 5 April it is lost, although it is possible to carry the allowance forward one year if unused. This means that if the annual allowance for 2017/18 was not used...

Furnished Holiday Letting Business is Not a Business for IHT Relief

A furnished holiday letting business is treated as a trade for most tax purposes. For example, capital allowances are available on furniture, and CGT entrepreneurs’ relief is available on disposal of the business. However, a recent tax case has determined that a...

Inheritance Tax Planning for Business & Property Owners

As a business or property owner, you’ve spent some time deciding on your long-term objectives and there comes a time when you’re ready to make decisions that will benefit your family later in life. With this in mind, it’s never too early to begin to plan your estate,...