The Court of Appeal has dismissed HMRC’s appeal in Elborne v HMRC, upholding the taxpayer’s victory in a landmark inheritance tax (IHT) planning case. Explore the details, implications, and what this means for historic IHT arrangements.

Although writing a will can appear to be a straightforward procedure, it is always recommended to recruit the help of experts. Otherwise, your loved ones could end up with massive costs caused by disputes if absolutely everything isn’t covered within the poorly-drafted document.

A client recently raised an intriguing proposition based on a suggestion from his IFA; could he put his inheritance due from his mother’s estate into a Discretionary Trust, and then borrow it back?