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Recent content by KRAMB
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K
IHT in settlement calculations
Given the below from Paper IHTM42986 and the HMRC view that Loans are not Loans and are to be construed as Income for Tax purposes does this provide relief from IHT under S72 , hence no charge --- Start of Extract from IHTM42986 IHTM42986 - Employee benefit trusts: property leaving employee...- KRAMB
- Post #14
- Forum: HMRC Scheme Enquiries
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K
Edge EBT thread
If IHT is a valid concern then it could become more of a problem than the Income Tax HMRC state is owed. If it would be possible to defer the IHT payment until Death then this would probably have the effect of reducing any estate remaining - solution for some ? That's a lot of tax accruing at...- KRAMB
- Post #1,748
- Forum: HMRC Scheme Enquiries
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K
Edge EBT thread
For one of my APNs BIK was factored into the Total Income Received - through my Agent I have asked this to be removed. Interestingly, on the APN the amounts expressed for Other Income (Loan) and BIK equal exactly what I received for the Year in Loans. So, I think if reference to BIK is removed...- KRAMB
- Post #1,685
- Forum: HMRC Scheme Enquiries
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K
Edge EBT thread
I can imagine the decision to apply IHT for the use of a specific Trust arrangement would be consistent for all Members. However, some members may have different domiciliation - I factor in determining liability for this type of Tax. For eg, I was not UK Tax Resident at the time I was with Edge...- KRAMB
- Post #1,682
- Forum: HMRC Scheme Enquiries
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K
Edge EBT thread
I utilise the services of a Tax Consultancy and to reduce the fees and the amount of time taken to respond to requests I decided to engage with HMRC myself I never registered with the Edge Support Group but instead sought the services of a Tax Specialist firm because my claim against taxes due...- KRAMB
- Post #1,654
- Forum: HMRC Scheme Enquiries
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K
BIG GROUP
Hi, Would like to come on board and make the initial contribution of 50 pounds Currently, I have an Agent managing my interests as my situation is slightly different to most. I used an off-shore EBT scheme but did so while contracting outside the U.K - European country - with very few...- KRAMB
- Post #199
- Forum: HMRC Scheme Enquiries
