Originally posted by SimonJones
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CLSO Says No IHT Due?
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Unable to determine if IHT is due
Mine says they are unable to determine if IHT is due for the year in question. I'm not sure whether the loan was written off or not and have little hope of getting a response from anyone as the providers are long gone and god knows who the trust providers were. Is anyone aware what the maximum liabiity could be please is it 1% per year?Comment
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Originally posted by Smokinggunner View PostMine says they are unable to determine if IHT is due for the year in question. I'm not sure whether the loan was written off or not and have little hope of getting a response from anyone as the providers are long gone and god knows who the trust providers were. Is anyone aware what the maximum liabiity could be please is it 1% per year?
Be careful with the CLSO, where they say IHT is not currently due/undermined simply means the CLSO is not final. They have left the door open to come back for IHT later.Comment
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Originally posted by SimonJones View PostYou are right it is 1% per annum.
Be careful with the CLSO, where they say IHT is not currently due/undermined simply means the CLSO is not final. They have left the door open to come back for IHT later.
the charge is calculated quarterly at 0.25% FOR EVER.
If the loan is repaid/written off/forgiven, then a further charge may kick in,.Best Forum Adviser & Forum Personality of the Year 2018.
(No, me neither).Comment
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Originally posted by webberg View PostThis is true but not the whole story.
the charge is calculated quarterly at 0.25% FOR EVER.
If the loan is repaid/written off/forgiven, then a further charge may kick in,.Comment
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