Budget Special: Inheritance Tax Exemption to be raised
With the second 2015 Budget being announced today, the Chancellor is expected to raise the inheritance tax (IHT) threshold to £1 million and include a special inheritance tax exemption for family homes. The exemption will take the form of an additional nil-rate band (NRB) of £175,000 per person, deductible only from the value of the […]
What does Regulation 650/2012 mean for your clients?
Regulation (EU) 650/2012 (Brussels IV) came into force on 17th August 2012 and will apply fully to deaths occurring on, or after, 17th August 2015. The Regulation attempts to harmonise the private international law rules of succession throughout the EU, without creating a completely new set of succession laws. However, it will only be relevant […]