Documents related to 'IHT fall in value relief for shares checklist'
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Failed potentially exempt transfer - fall in value claimGifts between individuals are potentially exempt transfers (PETs) for IHT purposes. This means that there's no IHT to pay at the time, but if you die within seven years the full value of the ... Read more
12 Dec 2016
IHT claim for fall in value relief for land and buildingsWhere, within four years of the date of the deceased's death, a property in their estate is sold at open market value for less than probate value, you can make a claim to recalculate the inherit... Read more
14 Feb 2018
Transferable nil rate band checklistWhen one spouse dies before the other, any unused nil rate band can be transferred to their surviving spouse. But HMRC will require details of the inheritance tax history of the first death in order to agree any cl... Read more
18 Mar 2015
Flow chart - income tax trading loss reliefWhere a business makes a loss from its trading activities, the business owners may be entitled to claim tax relief. This is given by allowing the individual to reduce the amount of income on which they are o... Read more
20 Oct 2021
Business asset disposal relief checklistWhen you sell or transfer all or part of your business you might be entitled to claim business asset disposal relief in respect of any capital gain you make. This means that the maximum rate of tax that will ap... Read more
02 Oct 2023
Year-end tax planning checklist There are a number of tax allowances, exemptions and rate bands which if not utilised in one tax year cannot be carried forward for use in later years. Use our checklist to help you ensure that you're not missing out on... Read more
UPDATED12 Apr 2024
Statutory model articles forpublic companiesYour company is doing well and you decide to convert to a public company. You'll need to change your articles to reflect the additional requirements on public companies. The statutory model articles are a go... Read more
23 Feb 2018
Claim for quick succession reliefIf assets are inherited twice in a five-year period, a relief may be available to reduce the inheritance tax payable.IHTInheritance tax (IHT) is generally charged at 40% on the probate value of a death estate that exc... Read more
09 Oct 2018
Non-audit engagement letterWhen you provide accounting and/or taxation services to clients, best practice dictates that you should issue them with an engagement letter to set out your mutual rights and responsibilities.EngagementThe engagement letter ... Read more
11 Nov 2019
Lottery syndicate agreementAre you in a lottery syndicate? Did you know that any winnings (football pools, National Lottery etc.) by the syndicate leader are potentially chargeable to inheritance tax as part of their estate? So what do you need to pu... Read more
26 Aug 2009
