Meeting points

TaxAid conference: 'Tax Planning at 50 plus'   24 February 2006 reported by Rebecca Cave director of Taxwriter Ltd.

Speakers quoted:
Mark Ward CTA; tax lecturer and partner of PTP.
Andrew Meeson CTA; partner of Spencer Bradley Meeson.
Emma Chamberlain CTA; Barrister co-editor of Dymond's Capital Taxes
David Kilshaw solicitor and head of KMPG's private client group in London.

Grandparent helps with school fees

Mark Ward considered the generous grandparent who pays her grandchild's school fees directly to the school. Does this create an IHT problem? Not if the grandmother can afford to pay the school fees out of her normal income then the payments are exempt from IHT (IHTA 1984 s 21). But what if the grandmother uses capital savings to pay the school; could the payment give rise to a chargeable life-time transfer for IHT? The contract for education of the child would...