Related insights: Inheritance, Fiduciary and Trust Disputes and Litigation

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Farming partnerships - simple steps to maximise inheritance tax reliefs and succession planning

20 Jun 2017
Whether you operate as a sole trader, in partnership or through a limited company, how capital assets are deployed can have major implications for inheritance tax (IHT).

Here we look at a few of the issues relevant to farming partnerships. Please note that there are issues other than IHT to be taken into account, such as capital gains tax, stamp duty land tax and non-tax considerations. These are beyond the scope of this article.
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What you need to know about the residential nil rate band

05 Jun 2017
In the lead up to both the 2010 and 2015 general election, the government promised to increase the Inheritance Tax (IHT) threshold to £1m between married couples. The government's promise came to fruition in 2015 where George Osborne announced the Residence Nil-rate Band (RNRB).