Paperchase has become the first chain to enter administration talks, while the Campaign For Real Ale, which represents the pub industry, said hundreds could be forced to close permanently following a ban on takeaway alcohol. Meanwhile, businesses such as nightclubs have been closed for almost a year. To avoid these tax charges we incorporated sub-fund trusts in the husband’s will, so that on the husband’s death the assets would pass into a single trust with two sub-funds but a single trustee legal owner. A discretionary sub-fund would hold the shares (no IHT), and a life-interest sub-fund in favour of the wife would hold the other assets. The wife would be entitled to the income from these other assets (and the right to occupy residential property within the sub-fund) and so these other assets would also be free of IHT (spouse exemption). The overall result is that there will be no IHT on the husband’s death. Additionally we made sure that the trustee has the power to swap assets between the sub-funds, which will be possible without triggering CGT or stamp duty. Provided the wife survives for 2 years the shares will requalify for BPR. The trustee will have discretion to distribute assets from both sub-funds to the wife if required, and her occupation of any home within the discretionary trust would allow the property to qualify for capital gains tax principal private residence relief.

It is paramount that individuals with business assets take full advantage of Business Property Relief (“BPR”) through correctly structuring their Will. The Business Property Fund will receive all of the assets which attract BPR and will be held upon trust for a number of beneficiaries (usually family members). It's the latest in a string of mental battles the Brit has engaged in with his Icelandic opponent ahead of Saturday night. He has already rubbed his bare bum on the fighter's seat ahead of the joint interview, as well as confronting him at a Dubai gym in a heated exchange. The sweet is suitable for coeliacs, vegans and vegetarians. The manufacturer gives the ingredients as "sugar, dextrose, acidity regulators, citric acid, malic acid, cornflour, sodium bicarbonate, modified starch, stearic acid, anticaking agent, magnesium carbonate, magnesium stearate, flavourings, colours: beetroot red, curcumin, lutein." [1] Development [ edit ]The double dipping structure will only work if the spouse holding the BPR assets dies first. However, the couple can equalise the split of BPR assets ensuring that it will also work no matter which spouse dies first. Double-dipping can transfer bacteria from mouth to dip, but is this something you need to worry about? If a will is correctly structured families can take full advantage of BPR with a considerable IHT saving. Conversely, if a will is structured incorrectly this can lead to a hefty IHT bill. The Residuary Fund will hold the remaining assets which do not attract BPR and will be held upon trust for the surviving spouse. What do you do when you are left with half a chip in your hand after dipping? Admit it, you’ve wondered whether it’s OK to double dip the chip.

However, the November drop in GDP was not as bad as feared, after economists polled by Reuters had predicted a 5.7% fall, which could mean Britain ultimately avoids the first double-dip recession since the 1970s. The end result is that the surviving spouse will be entitled to distributions from the Business Property Fund and income from the Residuary Fund throughout the remainder of their life. A double dipping Will is structured so that on the first death everything will be left upon a trust fund which will subsequently have two sub-funds:Double-dipping, the practice of releasing multiple special editions of a media product to consumers or of being illegitimately compensated a second time for the same activity We tested All Natural Tostitos Chunky Hot Salsa (pH 4), Genuine Chocolate Flavor Hershey’s Syrup (pH 5.3) and Fritos Mild Cheddar Flavor Cheese Dip (pH 6.0). Originally it means taking twice the portion of everyone else from a common food source; as dipping the ladle in twice into soup, stew, porridge etc. when others are doled out one ladleful.