by johnireland | Tax Talk
Probate value is not the final word. What executors actually sell for can change the tax bill in either direction.If executors sell land or buildings within four years of death for less than probate value, they can claim inheritance tax back on form IHT38.All land...
by johnireland | The Book Shelf
Simon Sinek’s The Infinite Game (2019) borrows James Carse’s idea that some games are played to win and others to keep playing — and argues business is the second kind.A finite game is played to win; an infinite game is played to keep playing. Business has...
by johnireland | Articles
Ask most business owners how they are doing and you will hear a number. Turnover is up. Occupancy is at ninety-something per cent. The last quarter was the best yet. Ask them what happens to the business, or the portfolio, on the day they are no longer there, and the...
by johnireland | Articles
For years, the family holiday cottage enjoyed a quiet tax advantage. If it was let commercially for enough weeks a year, the tax rules treated it more like a small trading business than an ordinary rental. That special status — the furnished holiday lettings regime —...
by johnireland | Legal Spotlight
McDaniel v Talbot & Anor [2026] EWHC 928 (Ch) shows what can happen when a Will is not updated after family life changes. Mark Talbot’s 2014 Will left everything to his wife and expressly excluded his daughter, Emma, citing twenty years without contact. From...
