Articles

The Tax Doctor: National treasures help lift IHT burden for brothers

CGT liability and donor longevity should be weighed up when gifting valuable paintings before death to trim IHT, but ‘selling’ to the nation is an alternative worth considering

Largesse by Will just got larger

The much discussed 10% of your estate to charity, 10% less inheritance tax is now law. And while unquestionably generous, like so much tax law, it is not quite as generous (or simple) as it might at first appear.

Public Benefit - Test or Riddle?

The poor will always be with us. That much we know. What we now don’t know is who the poor are - particularly since they now seem able to include the “quite well off”. While on the one hand this might seem an engaging socio-economic conundrum, on the other it presents a real practical difficulty for governors and staff in private schools.

Charity begins with your lawyer

Two recent court cases have shone a spotlight on gifts to charities by will. Charities have proved to be tenacious in pursuing these legacies, often at great cost. The importance of getting your will right can never be overstated, but here is a stark reminder of why.