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ACCA: Capital gains and chattels

We are sharing this update from ACCA, our professional body, for the interest of clients and contacts.  The content is (c) ACCA We take a look at the peculiar rules around exemptions and calculations Chattels are defined as ‘tangible moveable property’. A tangible...

Are all trusts subject to IHT?

A basic understanding of wills and trusts can help an executor to consider the options available and questions to ask when looking after the wealth of the family. Settlements in trusts are taxable for IHT purposes as if they are trusts without an interest in...