IHT

Jo Summers (PWT Advice) answers a query regarding a client who wants to add funds to a trust that someone else set up

IHT: severance of joint tenancy

Practitioner views on the Autumn Statement:

• Helen Lethaby (Freshfields Bruckhaus Deringer) examines the impact on big business;
• Simon McKie (McKie & Co) reviews the private client perspective;
• James Bullock (Pinsent Masons) considers enforcement and compliance issues;
• David Whiscombe (BKL Tax) assesses the impact on SMEs;
• John Whiting (OTS) gives the Office of Tax Simplification’s view; and
• John Hawksworth (PwC) provides an economic perspective.

Andrew Goldstone (Mishcon de Reya) examines the government’s long awaited final proposals for CGT on non-UK residents owning UK residential property.

Andrew Goldstone and Victoria Howarth (Mishcon de Reya) review recent developments in the private client arena: the public register of corporate ownership; the tax liability of a John Constable painting acquired by the nation; the outcome of a transferable IHT nil rate band charity appeal; and lessons from a main residence exemption claim.

Andrew Goldstone and Stuart Crippin (Mishcon de Reya) give an update on recent developments, including: Spanish inheritance tax refunds, pensions changes, and the cases of Hirst and Drown and another (as executors of Leadley deceased).

Effect of IHTA 1984 s 8A election on legacies

Why the recent High Court decision is less dramatic than it might first seem. Peter Vaines, partner, Squire Patton Boggs reports

Chancellor George Osborne has set out changes to cut the 55% ‘death tax’ charge on pension savings. From April 2015, beneficiaries of those with a drawdown arrangement who die before age 75 will be entitled to receive the deceased member’s pension pot as a tax free lump sum.