Hannah Connors, Associate

Experience

• Prepared a note of advice for a non-UK resident, foreign domiciliary who wished to make a gift of a significant investment portfolio to his UK resident, soon to be deemed UK domiciled, daughter. Advised on the options available and the inheritance tax, capital gains tax and income tax implications of each.
• Drafted a discretionary trust Will and letter of wishes for a UK resident, UK domiciled individual whose wife was likely to be considered domiciled in Israel. Tailored the Will and letter of wishes so the executors could take advantage of an unlimited spouse exemption should there be no domicile mismatch, and limit distributions to the wife in the alternative.
• Prepared a letter of advice to a UK domiciled client who was considering a lifetime gift of his home to his daughters to minimise inheritance tax on his death. Explained the pitfalls of doing so and the inheritance tax free amount available to him through his own nil rate band, his late wife’s transferable nil rate band and the residence nil rate band.