UK Property Market Update: A Turning Point for Buyers and Sellers
As the summer of 2024 draws to a close, the UK property market finds itself at a crucial juncture. The past few months have been a rollercoaster, with a mix of challenges and opportunities shaping the landscape. For prospective buyers, sellers, and investors, understanding the current dynamics is key to making informed decisions. Here’s a look at what’s […]
The legal implications of not making a will before you die and the importance of implementing your final wishes
The legal implication of intestacy, particularly for married couples, are often underestimated with many assuming the entirety of the deceased’s estate will pass to the surviving spouse/civil partner. While this may hold true in instances where the deceased has no children, the presence of issue complicates the distribution under the intestacy rules, potentially leading to […]
HMRC introduces new IHT forms for chargeable lifetime and trust transfers
HMRC has replaced the forms used to report chargeable lifetime and trust transfers, along with updating the related guidance. The new system includes a set of combined Inheritance Tax (IHT) account and event forms tailored to specific chargeable occasions. Following recommendations from the former Office of Tax Simplification, HMRC has streamlined the process. Now, only […]