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One of the reasons that you won’t often find me commenting on US tax issues is that the US government have a lot of very nasty laws that they are prepared to use on anyone they think might be encouraging their citizens to evade or even just avoid tax – even though tax avoidance is […]

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I was talking to an Independent Financial Advisor a couple of days ago and in conversation asked him how he was getting on winding up the estate of a mutual client who died about 18 months ago. “Fine”, he said, “but it looks like we have paid too much Inheritance Tax on the house” – […]

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Benjamin Franklin said, “In this life nothing is certain but death and taxes”. When anyone who is resident or domiciled in the UK dies those they leave behind will find that HMRC will want a slice of the dead person’s estate – their money, house, possession etc. This tax used to be called Death Duties […]

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For many years UK taxpayers benefitted greatly by transferring (settling) their assets in offshore trusts, but increasing ant-avoidance legislation has led people to believe that there is no point in using an offshore trust any more. Whilst it is true that the tax advantages are no longer as good and they once were the fact […]

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International businessman Robert Gaines-Cooper has failed to persuade the Court of Appeal that he has changed his UK domicile. We read a lot in the UK press about “non-doms” and how they don’t pay their fair share of tax. Recent legislation has made it more difficult for “non doms” to benefit but as usual the […]

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Inheritance Tax (IHT) is payable on the death or an individual and as most of us try not to consider our ultimate fate is probably not at the forefront of most people’s minds. However given the relentless rise in UK property prices over the past few years (and even allowing for the current, probably short […]

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