Straight Irish men to marry in IHT dodge
Two heterosexual men in Dublin are to tie the knot so that one can inherit the house of the other without being hit with inheritance tax.
IHT
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Quilter Cheviot unveils Aim strategy
Quilter Cheviot has launched a strategy investing in the alternative investment market (Aim), targeted at UK-based high net worth investors.
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Conflict of views on offshore bond IHT rules vexes adviser
Two international life companies gave conflicting views on the tax treatment of offshore bonds to chartered financial planner Patrick Murphy, of Zen Wealth, in his quest to offer fee-based advice for his UK domiciled clients who have been tax resident in Spain for 10 years.
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MPs to vote through new UK non-dom rules ‘within days’
New rules for the taxation of non-domiciles are likely to come into force this month, back-dated to take effect from 6 April.
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Back to basics: life insurance key part of financial planning
IHT planning, nil rate bands and replacing pension scheme death benefits are some of the reasons life insurance needs to remain a core part of financial planning, according to Chris Lean, a chartered financial planner with Aisa International. Click through the slides below to see six key reasons advisers need to speak to clients about…
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IHT planning – the time is now
Inheritance tax receipts have risen steadily since 2009/10 and while it is still a small slice of the UK’s overall GDP, the percentage is increasing and advisers need to help clients plan accordingly as it’s not just the wealthy that can be hit, Killik & Co’s Sarah Hollowell tells International Adviser.
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How to make the most of unused inheritance tax allowance
The UK tax office has recently updated its rules for transferring any unused portion of basic and additional IHT thresholds when the first person in a marriage or civil partnership dies.
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UK stately home donates Roman artefacts to pay IHT bill
North Yorkshire stately home Castle Howard has donated Roman artwork to the nation in lieu of nearly £5.5m ($7.1m, €6.1m) owed in inheritance tax.
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Five Sipp facts not many people know
An estimated one million people have opted for self-invested personal pensions (Sipp) as they offer a wide choice and the freedom to invest almost anywhere. Hargreaves Lansdown have put together some of the lesser-known facts about the increasingly popular retirement vehicle.
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Bigger IHT haul signals a more aggressive HMRC
The IHT take has risen dramatically in the UK over the last two years leading insurer NFU Mutual to warn that HM Revenue & Customs may be getting more aggressive with estates, despite the introduction of a new nil rate residence band.
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Five common mistakes UK expats make about domicile and tax
British expats still have some crucial misunderstandings about their domicile status and tax position that could leave them and their loved ones financially exposed and even land them in trouble with HM Revenue & Customs, warns Rachael Griffin, financial planning expert at Old Mutual Wealth.
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CGT and IHT may fall victim to ongoing UK election stalemate
Attractive exemptions to the inheritance tax (IHT) regime as well as low capital gains tax rates could face the chopping block amid concerns that Britain is heading for a second general election this year.