Law Society updates guidance for practitioners on disputed wills
The Law Society of England and Wales has updated its guidance for practitioners on disputed wills. The practice note explains that advice and provides supplementary information on disclosing such information and the consequences of failing to do so. It also addresses the risks associated with acting in a dispute, and protecting the estate pending the […]
Local inheritance tax to tackle poverty
An anti-poverty campaign group wants the Scottish Government to look at introducing a local inheritance tax as a way to tackle wealth inequality in the country. The Tax Justice Network advocates for tax and financial systems that create a just society. Its chief executive, Alex Cobham, says the policy would help reduce the gap between rich […]
IHT receipts reach monthly and quarterly highs in June
Latest HMRC reports show that IHT receipts for April 2022 to June 2022 are £1.8 billion, which is £0.3 billion higher than in the same period a year earlier. The latest IHT figures show receipts continue to trend higher than in previous years, hitting £726 million in June 2022 as it reached monthly highs for […]