Uncertainties removed on two key personal taxes
The future of two personal taxes – inheritance and capital gains – has been clarified, with no major changes to be made to either, so now you have no excuse to delay estate and CGT planning.
Estate Planning
OECD joins inheritance tax debate
The Organisation for Economic Cooperation and Development (OECD) is the latest body to wade into the inheritance tax debate – on a global scale.
Unhappy families – Challenging Inheritance Issues
The outcome of a recent High Court case is a warning for anyone challenging a will.
The Twenty-year Inheritance Tax Freeze
The freeze on the inheritance tax (IHT) nil rate band will mean more tax from more estates.
The uses of investment losses…
Lower market values are generally regarded negatively, but there are some hidden upsides to taking the opportunity to review the balance of your holdings.
Rise in lockdown will writing highlights forward planning needs
The Covid-19 pandemic has seen a surge of will writing under difficult social distancing conditions. Don’t leave it until it’s an emergency.
The inheritance tax dog that didn’t bark…
Chancellor Rishi Sunak made no change to inheritance tax in the March Budget, despite expectations, leaving certain estate planning measures still open. Review your IHT planning in case the Autumn Budget brings in the anticipated changes.
Intestacy rule change favours spouses
February sees a tweak to intestacy rules for England and Wales. Ensure you have written a will and keep it up to date.
Probate fee increases abandoned
The government’s scrapping of the proposed restructuring of probate fees highlights the importance of having a Will – 54% of UK adults don’t.