Marking milestones - Frank’s 50th as a volunteer, and his son Steve is not far behind. Look out for them at the bridge at the end of each lap @maccparkrun #loveparkrun
This case was heard by the FTT in 2019 (taxpayer won) then by the UT in 2020 (taxpayer won, on different grounds) then by the CofA in 2022 (HMRC won, but remitted back to UT) then UT remitted to FTT for more evidence.
3/n
I’m bored on a long car journey (and not driving!) so here is a (longish?) thread on the basics of IHT, for those who were asking.
Caveats:
- I am a tax adviser but not an IHT specialist, so I will stick to the basics
- this is not tax advice. Speak to a qualified adviser.
1/n
Let’s start with the HMRC summary.
Generally, HMRC official guidance on .gov.uk is (a) accurate and (b) more helpful than you might expect. But it can presume a certain level of knowledge (and is not detailed enough if you need advice).