My wife and I make monthly payments to our three grandchildren by way of bare trusts. These payments are made entirely from surplus income in order to benefit from IHT exemption. To assist our executors, we keep detailed records of all income and expenditure ... Continue Reading
When our parents transferred their property to my siblings and me, retaining a lifetime right to reside (an interest in possession), what are the Capital Gains Tax implications now that this right has ended with my father’s death in February 2026 — specifically ... Continue Reading
In 2001 my father transferred a property to my sister by way of gift under love and affection. The transfer deed formally documented a right to reside in favour of my father. My sister was also obligated to meet my father’s living and funeral expenses as part ... Continue Reading
May I please have some advise. I am domiciled and resident in Malta. I have a daughter also domiciled in Malta but resident in the Uk. I own properties beside my residence in Malta which I would like to donate to my daughter and set up an usufruct so I can ... Continue Reading
Hello, my tax year on my SA 103 form has for many years showed 1 April - 31 March instead of 6 April - 5 April as is at the top of the form. So that is the accounting period I use for my income and expense reporting. Does this matter or shall I continue have my ... Continue Reading
Hi, I recently retired. My salary/pension income for the tax year 25/26 will be £51,020. My tax free income is £12,838. I will earn interest from UK non-ISA accounts £1,500 I have also received £8,600 interest in an overseas account (Norway), I understand ... Continue Reading
Hi all, My client owns office premises personally which are used entirely for trading purposes by company which she controls. she has owned the office many years so satisfies the 2 year ownership rule and will enjoy 50% BPR on this asset. However, we are considering ... Continue Reading
When testing if recycling has happened, I understand the part about the 5 year reference window about contribution totals (ie current year, 2 years back and 2 years forward). However Step Two in the decision tree is worded as: "Are the additional contributions ... Continue Reading
