Latest news with #IHT
Yahoo
7 days ago
- Business
- Yahoo
IHT DECLARES 55TH CONSECUTIVE ANNUAL DIVIDEND; ANNUAL PROXY FILED
Phoenix, AZ, July 14, 2025 (GLOBE NEWSWIRE) -- InnSuites Hospitality Trust (NYSE American: IHT) On July 9, 2025, the Board of Trustees of IHT announced a semi-annual dividend of $0.01 per share, payable on August 7, 2025, to shareholders of record as of July 25, 2025. This announcement continues an uninterrupted 55-year history of annual dividends. InnSuites hotel operations continue to be strong, while the investments in UniGen's diversified efficient clean energy innovation and IBC Hotels, each continue to progress. IHT hotel operations are maintaining their solid start in the current 2026 Fiscal Year (February 1, 2025, to January 31, 2026), First and early Second Fiscal Quarter, with both the Tucson Hotel and Albuquerque Hotel achieving record revenue results for the current 2026 Fiscal Year to date (February 1, 2025, through July 14, 2025). IHT filed its Fiscal 2025 Proxy on July 7th, 2025. The IHT Annual Report was filed on July 9th, 2025. The IHT Board approved, and notice is hereby given that the Fiscal 2025 Annual Meeting of Shareholders of IHT will be held at the InnSuites Hospitality Trust corporate offices located at 1730 E. Northern Avenue, Suite 122, Phoenix, Arizona 85020 (phone: 602-944-1500) on Wednesday August 14, 2025, at 1:00 P.M., local time. Shareholders of record of IHT at the close of business on July 3, 2025, are entitled to vote at the 2025 Annual Meeting of Shareholders and any adjournments or postponements thereof. InnSuites Hospitality Trust (IHT), in late 2019, made a diversification investment in privately held UniGen Power, Inc. (UniGen), developing a high profit potential, high risk, efficient clean electricity energy generation innovation. The UniGen design is fueled not only with abundant relatively clean natural gas but also with other even cleaner fuels such as ethanol and hydrogen (that emits only water). IHT holds stock, convertible bonds, and warrants that, if and when fully converted/exercised, could result in IHT holding up to an approximate 15-20% ownership stake in UniGen. UniGen has confirmed that prototype design engineering for the UPI 1000TA engine is now 61% complete, while they currently work on securing the next round of financing. With 2026 Fiscal First Five Months hospitality revenues reaching all-time record levels, combined with three of the last four Fiscal Years of profitability, with continuing progress on the UniGen and IBC diversification investments, as well as real estate held at book values believed to be significantly below current market value, the IHT future looks bright. For more information, visit and Forward-Looking Statements With the exception of historical information, matters discussed in this news release may include 'forward-looking statements' within the meaning of the federal securities laws. All statements regarding IHT's review and exploration of potential strategic, operational, and structural alternative diversification investments, and expected associated costs and benefits, as well as statements related to continuation of its 55 years of uninterrupted payment of annual dividends, are forward-looking. Actual developments and business decisions may differ materially from those expressed or implied by such forward-looking statements. Important factors, among others, that could cause IHT's actual results and future actions to differ materially from those described in forward-looking statements include the uncertain outcome, impact, effects and results of IHT's success in finding potential qualified purchasers for its hospitality real estate, or a reverse merger partner, continuation of growth of hospitality revenues and/or profit growth, timely collection of receivables, the success of and timing of the UniGen clean energy and IBC Hotels diversification innovations, the continuation of semi-annual dividends in the year(s) ahead, and other risks discussed in IHT's SEC filings. IHT expressly disclaims any obligation to update any forward-looking statement contained in this news release to reflect events or circumstances that may arise after the date hereof, all of which are expressly qualified by the foregoing, other than as required by applicable law. FOR FURTHER INFORMATION: Marc Berg, Executive Vice President 602-944-1500 email: mberg@ INNSUITES HOTEL CENTRE1730 E. NORTHERN AVENUE, 122Phoenix, Arizona 85020Phone: 602-944-1500Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
ITV News
30-06-2025
- Business
- ITV News
Northern Ireland farm focus: Changing the field with new technologies and sustainable practices
From artificial intelligence feeding stock, to waste-free meat production, many farmers in Northern Ireland are doing things differently to stay viable and sustainable in a tough climate. In the last week during our Farm Focus series, we have looked at issues plaguing the industry, including the scourge of TB, the uncertainty of IHT changes, the struggle with mental health in rural communities and more, while proposed changes to environmental rules in the Nutrient Action Plan r ecently caused a furore as farmers said they would decimate the industry. This final piece in the series looks at futuristic feeding, high-tech tracking, and diversification to stay as efficient and resilient as possible against the backdrop of the complicated challenges facing the agri-economy in Northern Ireland. UTV spent time on two farms which seem very different on paper, but have a lot in common. Husband and wife duo Charlie and Becky Cole run a 'mixed-enterprise' at Broughgammon Farm, and there is a seemingly endless list of what they do on just 50-acres. Situated outside Ballycastle, they rear kid goats and veal calves and free range pork, they have an on-site butchery, they produce their own eggs, fruit and vegetables, and they sell all this fare in their farm shop, their cafe and from their burger carts which can be found at various events across the island. It doesn't stop there - every Tuesday, huge groups of tourists take tours of the farm. They also host classes including cheese-making, butchery and foraging, and they even offer a bird-watching walk scheduled. This farm has tried to build up a farm-to-fork model which is integrated in the community and things are going well, but they are not immune to the current challenges facing the sector - especially the uncertainty of businesses planning during uncertain times with ever-changing policy. You can listen to more of Charlie's interview here. Meanwhile, less than 20 miles away at Carnhill Holsteins, you'll find Casey family tending to their dairy herd just outside Cloughmills. They have come a long way since Cahal Casey was milking by hand - things are different not for his son Conor and 18-year-old grandson Charlie. They have robotic milking systems installed, and the tech does not stop there. A state-of-the-art autonomous feeder ferries feed, which it mixes itself from forage and meal bins, to the cattle. This saves an estimated three-hours of manual labour per day, allowing Conor some time to document his farming life on TikTok. The cattle themselves wear tracking collars. These collect health data like temperature and rumination, and convey that back to Conor's phone. It means that he never misses a fertility window and can spot sickness before clinical signs appear, and Conor swears by these valuable stats as a game-changer. Listen as Conor explains how these investments have helped him "modernise and push the boundaries of efficiency and sustainability". As well as the robotics, the Caseys also use AI in its other meaning. You'll have heard in the news report above that Broughgammon Farm buys in male kids and bull calves that would have been a by-product of the dairy industry and would have been euthanised. At Carnhill, they are using sexed-semen in their artificial insemination process meaning that no bull calves are born into their herd in the first place. These relative neighbours have vastly different operating models, but they are both set in the stunning surrounds of North Antrim, they each have three generations living and working together, and they both have sustainability at the core of what they do. The sun might not always shine when farmers want it to, but these business people are certainly working hard to make sure their futures stay bright.
Scotsman
30-06-2025
- Business
- Scotsman
Inheritance tax – don't think of this as double whammy of death and taxes at the same time
syamil - Tom Ham, Group CEO at Calton, considers the fine art and science of estate planning Sign up to our daily newsletter – Regular news stories and round-ups from around Scotland direct to your inbox Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... An adviser can help you negotiate the knowns and unknowns of estate planning to maximise the value of your assets for passing on to family, friends and good causes. Some wits say, fatalistically, that Inheritance Tax (IHT) is both death and taxes at the same time. In my experience, client views on estate planning fall broadly into two camps. Some simply accept that IHT will take a large bite out of their estate and are either unconcerned or grudgingly reconciled. Others are combative, declaring that they don't want a penny of IHT to be paid on their estate. As is so often the case, the best approach is a middle way. Estate planning is both an art and science with knowns and unknowns to negotiate. It's a journey an adviser can help guide you through. Tom Ham | Supplied Let's start with the key questions you should ask when considering estate planning. They are reasons to be cheerful – they are questions about life rather than much do you need for the rest of your life? Even if you want to give money and assets away to help family, friends or good causes you should take care of yourself first. As airline safety briefings say, help yourself before helping others. A good adviser will model your cashflow, taking into account things you choose to plan for – your lifestyle – and things you can't guarantee –such as your health. Only after this can you move onto creating plans for who, when, and how much? Different family members may need help at different times and for different purposes. Sometimes inter-generational wealth planning isn't just about bequeathing money but about helping people when they need it – if you can. Helping with education costs, getting on the property ladder, or investing in a business can help family. Gifting and trusts are means of passing on wealth while you're still around and able to appreciate how it might help your loved ones or a philanthropic cause. A key consideration, however, is that giving away money or assets means that you no longer control that wealth. Are you happy to give it away and accept whatever happens next? It is essential that you are. But somewhere you can and must retain control is by keeping your Will and Power of Attorney up to date. It is the vital first step in making sure that your wishes are not only respected but actionable too. Only once this has been taken care of do we get to the nuts and bolts of using the allowances and exemptions that may allow you to shelter assets from IHT and maximise what your beneficiaries receive. The art and science of estate planning is to arrange and distribute these so that you can continue to live comfortably whatever your wants and needs. The changes made in Rachel Reeves' 2024 Budget mean that more of what you leave behind is likely to be subject to tax, which is bad news for the 'not a penny' cohort. Here's an example of what planning can do. A couple's estate is valued at£2 million on both their deaths. It consists of the family home, valued at £700,000; savings and investments, valued at £900,000; and a private pension of £400, estate planning, IHT will be levied at 40 per cent on the net value of the estate for tax purposes. After a sad loss, the surviving spouse has inherited their partner's nil-rate band of £325,000 which doubles with their own to £650,000. Likewise, the family home is left to their children, which means that the residential nil-rate band of £175,000 is also available for each, making a further deduction of £350,000. Under present legislation, the £400,000 private pension is outwith tax scope, so the net value of the estate is £1m, and £400,000 of tax is payable, leaving £1.6m for the beneficiaries. After April 2027, the personal pension comes into the scope of IHT, resulting in tax payable of £560,000 and £1.44m due to beneficiaries. However, advice taken on the same estate seven years before death could result in the pension being fully crystallised and further funds being taken by drawdown to support living costs and reduce this element of the estate. The existing savings and investments could be placed into trust, providing an income and securing a legacy for its beneficiaries. At the date of death, the value of the estate outside of trust might comprise £700,000 in the family home, £50,000 in cash and £250,000 remaining in the pension. With all the nil-rate bands still in place and the assets in trust out of scope, in this precise scenario no IHT would be due. No-one can promise a zero tax liability but, put together, modelling and planning can help you shape your legacy and enjoy your life while you're at it.
Daily Mirror
29-06-2025
- Business
- Daily Mirror
Inheritance tax rules for anyone who wants to leave grandchildren tax-free cash
MoneyMagpie Editor and financial expert Vicky Parry explores how grandparents can help their families without large tax bills Grandparents and parents often want to help out their families with cash gifts – but if they're not careful, a gift can quickly become a financial burden. Giving money while you're still here might seem like a great way to avoid Inheritance Tax, but you could end up lumping your loved ones with a big bill. Inheritance Tax threshold Inheritance Tax (IHT) is paid on the estate you leave behind when you die. Each person has an allowance of £325,000 on their estate before IHT needs to be paid. But, with the cost of properties these days, that takes many people over the threshold even if they are cash-poor. The allowance doubles when a couple is married, as the surviving spouse takes on the other's allowance. This increases the threshold to £650,000. If you leave your home to your children or grandchildren, that allowance increases to £500,000 (or £1million between a married couple). Inheritance Tax seven-year Rule The IHT rate is 40%. That means anything above the allowance is taxed at 40% before your beneficiaries can receive the money or assets from your estate. This means many grandparents and parents try to implement a 'living inheritance' by passing money and assets on while they're still alive. However, if you gift outside of the allowed limits, this money could be subject to IHT even if you gave it several years before you die. There is a seven-year rule on gifting cash and assets: if you give money or property while you're still alive, it is subject to IHT for the next seven years. So, if you pass away within seven years, IHT is still due on that gift. There is a taper. If you die within 4 years of the gift, IHT is 32%, 4 to 5 years is 24%, 5 to 6 years is 16%, then 8% for 6 to 7 years. At seven years and one day post-gift date, IHT is not due. Permitted gifts There are ways to avoid the seven year rule. First, you can gift up to £3,000 a year to anyone you want (that's the total amount you can give away, either split into several smaller gifts or as a lump sum). If you didn't give any gifts the previous year, you can roll forward the allowance, to make it £6,000. You can also give birthday and Christmas gifts from your regular income of any amount without incurring IHT. This must be from your regular income and not deprive you of your living standards. Additional gifts There are some circumstances when you can gift more than £3,000 in a year. If your child gets married, you can give them £5,000, or £2,500 for a grandchild or great-grandchild. You can give up to £1,000 for anyone else as a wedding gift. You can combine this gift with your allowances. So, if your child gets married and you didn't make any gifts in the last tax year, that could be a maximum of £11,000 tax-free (£6,000 allowance plus £5,000 wedding allowance). Regular payments Another way to support your grandchildren without accidentally lumping them with a large IHT bill is with regular payments. There's no limit to how much you can give. There are a few rules. First, you must be able to afford the payments after your own standard living expenses. You can't deprive yourself to make the payments. Second, it has to come from your regular monthly income such as your pension. It can't come from a savings pot. Many people use this option to help grandchildren with things like paying rent, or sending regular payments to a Junior ISA for a grandchild under the age of 18 to establish a safety net when they become an adult. You can also use it for financial support of a dependent adult child or other relative. Gifting your house Be very careful when considering gifting your home or other property to your child or grandchild before you die. First, if you do this shortly before requiring long-term care, it could be seen as deprivation of assets to avoid paying for care. This could result in the forced sale of the home to recoup funds for your care. Second, if you gift a portion by adding a child to the title deeds as joint property owner, they could face a large Capital Gains Tax bill as the property increases in value over the time they are a joint owner. If you leave them the property after you die, CGT may not need to be paid if they sell it quickly, as it is only paid on the 'profit' i.e., the property value difference between the inheritance date and sale date. Finally, giving away some or all of your home puts you at risk of being forced out of your home. It can also leave you in a tricky tax situation if you continue to live there without paying market share rent, as it is considered a 'gift with reservation' and the house value is included in your estate valuation when you die. A gift with reservation doesn't come under the seven year rule, so could be applied ten, twenty or more years down the line. Consider paying directly If you want to help your grandchildren out now, rather than waiting to leave an inheritance, there are ways to help. For example, you could consider paying for your grandchild's university tuition or accommodation fees directly. Or, if they need support with things like buying their first home, you could help them buy their furniture or pay for contractors for renovations and redecorating. Some grandparents enjoy paying for family holidays to create memories together that their grandchildren may not be able to afford on their own. This is a good way to provide support to your grandchildren, while having control over what your 'living inheritance' is spent on. Taking these costs away from them helps them to save their own cash, so you're still providing them an opportunity for financial stability – without possibly landing them in hot water with the tax office later on. Some of the brands and websites we mention may be, or may have been, a partner of
The Herald Scotland
25-06-2025
- Business
- The Herald Scotland
'The reforms fundamentally shift the taxation landscape'
The alterations elicited a particularly angry response from the farming community, which has been taking to the streets in tractors around the UK to make its feelings known. The changes mean relief will now only apply to the first £1 million of qualifying assets, with the remainder taxed at an effective rate of 20%. However a new survey commissioned by Brodies has revealed a 'widespread lack of understanding' about the forthcoming changes, with just 26% stating that they 'fully grasp the implications'. According to Brodies, which commissioned YouGov to survey 2,001 UK adults aged 50+, the findings signal a pressing need for law firms, tax advisers, and estate planners to proactively educate and support clients navigating the transition. While the survey found that 54% of respondents are aware of the IHT reforms, they remain unclear on the personal impact, which could leave them vulnerable to missed planning opportunities, Brodies noted. Fewer than half (41%) have a structured estate plan in place, while 35% acknowledge that they should plan but have not begun the process. In addition, the survey found that only 16% have sought professional guidance, despite the complexity of phased tax relief reductions and domicile rule shifts. 'These reforms fundamentally shift the taxation landscape for estates, businesses, and trusts,' said Mark Stewart, partner at Brodies. 'There is a clear knowledge gap among those impacted, underscoring the vital role of legal, tax and wealth professionals in guiding clients through structured succession planning.' Brodies noted that the findings of the survey underline the 'urgent need' for 'proactive dialogue' between clients and their professional advisers, with only 10% of respondents found to have engaged in detailed discussions about inheritance with their families. Fairness and the risk of dispute were highlighted as the leading concerns of respondents – 28% cited equitable distribution as a key issue, and 23% said they fear conflict due to wealth transfer. Brodies cautioned that without 'robust' estate planning and professional advice, families risk contentious probate litigation, unnecessary tax exposure, and uncertainty over asset protection strategies. 'Professional advisors must take a leadership role in informing clients,' Mr Stewart added. 'From succession structuring to navigating relief restrictions, we must ensure clients understand their tax position and the long-term consequences of inaction.' Concerns over the changes to inheritance tax planning have been expressed within the Scottish business community. Maxi Caledonian, the Irvine-based haulage specialist owned by industry veteran Gerry Atkinson, told The Herald in June that the changes will deny businesses the capital that is 'necessary for stability and continued growth'. Maxi said: 'Whilst we normally avoid such comments, we consider that the current Government's proposed heavy taxation of privately owned companies upon the death of shareholders removes planned essential business capital necessary for stability and continued growth and will adversely affect many private companies and associated employment increases. 'This appears to be the opposite of what the Government is claiming their primary objective is - namely to grow the economy - and successful expansion of private companies must be a major contributor to achieve this objective.' Farming chiefs say the changes will affect up to 70,000 farms but the UK Government insists the figure is much lower, with the Treasury stating that it expects around 500 estates to be impacted. A report published by CBI Economics has found that the reforms could threaten over 200,000 jobs and cut almost £15 billion in economic activity by the end of this Parliament.
