It has been reported this week that the Duke of Devonshire has blocked cyclists from riding through his 30,000-acre Bolton Abbey estate. Not so, say the Duke, who claims that the staff stationed at the bridge giving access to the estate are there to ensure the public adhere to social distancing rules. Cycling UK are calling on HMRC to investigate but what has any of this got to do with the taxman? Well, if the cyclists’ claims are true it has potentially serious Inheritance Tax (IHT) ramifications for the Duke.
Click here to continue reading.