This guidance note briefly discusses the tax consequences of post-death variations in non-UK jurisdictions. Where there are any cross-border issues you should always take local advice.
In the UK, inheritance tax on death may be altered or deferred in a number of ways:
by claiming relief where land or shares have been sold at a loss since death (see the Sale of land from a deceased estate and Sale of shares from a deceased estate guidance notes)
by an instrument of variation (see the Deeds of variation guidance note)
by disclaimer (see the Disclaiming a gift guidance note)
by a claim under the Inheritance (Provision for Family and Dependants) Act 1975 (see the Tax effects of court orders under the I(PFD)A 1975 guidance note)
by distributions
**Free trials are only available to individuals based in the UK, Ireland and selected UK overseas territories and Caribbean countries. We may terminate this trial at any time or decide not to give a trial, for any reason.
Supplies of goods and services connected with educationThis guidance note provides an overview of the VAT treatment of goods and services provided in connection with supplies of education. This should be read in conjunction with the following guidance notes:•Supplies of education•Local authority
Terminal trading loss reliefTerminal loss relief for trade losses in the final 12 monthsTrading losses incurred by a company in the final 12 months leading up to the discontinuance of trade may be carried back for up to three years from the period beginning immediately before that 12-month period.
Capital allowances on carsSummary of capital allowances on carsThe current capital allowance rates applicable to cars are as follows:Pool typeDescription of carRateLegislationMain rate poolNew and unused cars with CO2 emissions of 50g/km and below 18%CAA 2001, s 104AASecondhand cars with CO2