My late husband’s will created an IPDI trust. I am the life tenant and his daughters are the trustees and remaindermen. Following the sale of the property in the trust, approximately £300k of trust capital will be invested. The will states that “any capital ... Continue Reading
Capital Gains Tax Implications. I transferred a house I used to rent out to my four children (adults) approxitmly 4 years ago. The transfer value was £70 split equally between them, due to the attacks of the government on landlords they have decided to sell the ... Continue Reading
I would be very grateful for views from anyone familiar with ITEPA 2003 ss678/681 and the UK tax treatment of foreign social-security benefits. I am a Dutch national with UK Settled Status and intend to return permanently to England in 2027. I receive a Dutch ... Continue Reading
Please excuse the naivety but trying to get my head around some basics of the IHT as of Apr 2027. If there is a husband and wife that have property worth £1 mio and pension worth £2mio, the husband dies before age 75, everything goes to the wife IHT free and ... Continue Reading
I'd like update my will to leave some money to an American 501(c)3 charity but it's confusing how to do this without losing a huge amount of it to tax. I've spoken to the Charities Aid Foundation but I'd really like to speak to a tax person who has experience in ... Continue Reading
As the subject states, do HMRC routinely ask for evidence (property purchase/rental agreement) to prove that a residence has been established overseas upon claiming to be non resident for the first time? Or do they simply ask for the current residential address ... Continue Reading
Hi folks, I am currently planning to leave the UK next spring, around the end of March which means I will be tax resident in the UK for the whole of 2026/27. I hope to have left before 6th April 2027 meaning I would become tax resident in my new country (TBC) ... Continue Reading
I have an untouched private pension. I want to withdraw just the tax free 25% in a way which counts as income, so that I can give the excess above my needs to my offspring. I know how gifts-out-of-income work and have already started a pattern of regular gifting ... Continue Reading
