Elderly sisters lose inheritance tax battle
Sisters fail in attempt to avoid inheritance tax on the £875,000 property they share after European courts narrowly vote against them
Two elderly sisters have lost their battle to not have to pay
inheritance tax on the property they share if one of them
died.
The sisters, Joyce and Sybil Burden,
had attempted to avoid inheritance tax on their £875,000 property they share,
claiming same sex-couples and married couples were allowed to inherit a home tax
free if one of the partners die.
They lost their battle in the
European Court of Human
Rights by just four votes to three.
Further reading:
Labour accused of
six-figure tax avoidance ploy
Pre-Budget report 2006 –
our comment
Sisters take IHT case to Human Rights
Court