Private Client Adviser: The adopted children of businessman Bernard Matthews lost their case at the High Court yesterday (5 September 2012) in relation to the inheritance tax (IHT) liability they face on their late father’s villa in France. The turkey tycoon’s three children, whom he adopted with his wife Joyce, had argued that the £2m IHT bill on Villa Bolinha in the south of France that they inherited after his death in 2010 should be paid out of Matthews’ English estate.
Full story: http://www.privateclientadviser.co.uk/news/international/bernard-matthews%E2%80%99-children-lose-high-court-case