HMRC have been successful in a test case which considered the tax reliefs available for Furnished Holiday Lettings (FHL). Provided that certain conditions are met, FHL are treated as a trade for both income and capital gains tax purposes, often allowing access to valuable reliefs. 79 more words
Tags » Inheritance Rules
Since 1999, the European Commission has been working on proposals to simplify inheritance rules for any inheritance involving various different EU countries.
The basic principle is that an EU national living in another member state will be able to choose which of the two countries’ legislation determines the distribution of their estate, by stating this clearly in a will. 400 more words