Homeowners will be able to set up more than one discretionary will trust to
shelter the value of their homes against tax, the Special Commissioners have
The trusts are a popular way of avoiding inheritance tax. However, the Inland
Revenue had always maintained that only one could be used in relation to a
The ruling changes that: ‘Since 1979, the Inland Revenue has reserved the
right to attack solutions where someone has been given the opportunity to live
in a property in these circumstances,’ Mike Warburton of Grant Thornton, is
quoted in the FT as saying.
‘This case is the first time it has been tested and the Revenue has lost,
which will be of comfort to homeowners,’ he said.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy