HM Revenue and Customs produce a number of manuals for their staff. The guidance contained in this manuals is not comprehensive nor will it provide a definitive answer in every case.
The Finance Act 2013 introduced a change which limits the deductibility of debts in certain circumstances. Here we explain the changes.
On the 6 April 2015 the residence nil-rate band (RNRB) was introduced. This is an additional threshold for inheritance tax (IHT) planning above the current £325,000 threshold. Here we explain how this works.