FUNDING, VAT AND INSURANCE
I RECENTLY HEARD THAT IF I OPENED MY HOUSE TO THE PUBLIC ON ONE DAY EVERY YEAR THAT IT WOULD AUTOMATICALLY BECOME EXEMPT FROM INHERITANCE TAX. IS THERE ANY TRUTH IN THIS?
The simple answer is NO! However, as so often is the case there is ‘no smoke without fire’. I imagine that what you have heard about is the Conditional Exemption which is available for outstanding buildings, estates and works of art. These can, subject to meeti..
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