IHT receipts £0.3bn higher than last year – HMRC

Will Gift Allowance System Replace Inheritance Tax?

Inheritance Tax (IHT) receipts for April 2024 to August 2024 are £3.5 billion, which is £0.3 billion higher than the same period last year, HM Revenue and Customs reported. Laura Hayward, Tax Partner at Evelyn Partners, said that the rising IHT receipts are a “fact of life” for the Treasury but at the current rate […]

Chancellor urged to scrap £2bn IHT relief on family homes

abolish Inheritance Tax

Rachel Reeves is facing increasing pressure to abolish the £175,000 residence nil-rate band in her upcoming budget on October 30th, with calls mounting for a reform of the inheritance tax system. The Resolution Foundation, a left-leaning think tank, has proposed that there is a “strong case” for scrapping the allowance, which has allowed homeowners to […]

Assisted dying debate set to intensify as UK faces potential law change

assisted dying legislation

A vote to introduce assisted dying in the UK could be on the horizon, as Downing Street has indicated it will not obstruct a private member’s bill on the matter. Polling by YouGov in 2024 shows that 69% of Britons favour changing the law to allow assisted dying for those suffering from terminal illnesses. However, […]

Ticket deadline and brochure launched – #BWAPAwards2024

With The British Wills and Probate Awards, sponsored by CTT Group just three weeks away ticket sales are reaching a crescendo with over 700 practitioners from around the community expected to come together to join in the evening’s celebrations in person and online.  The awards are hosted at Kimpton Clocktower in Manchester and will also […]

ILM to launch Love Your Legacy Manager campaign

The Institute of Legacy Management (ILM) is launching its first-ever Love Your Legacy Manager (LYLM) campaign on 25 September, aimed at CEOs and senior managers across the charity sector. Designed to create awareness of the importance of the legacy manager role and highlight legacies as an increasingly valuable income stream, it will include a dedicated […]

Wills in North America vs England & Wales

Today's Wills and Probate Podcast

Tim Hewson joins the Today’s Wills and Probate podcast to discuss LegalWills – his Canadian-based technology company providing will writing and estate planning services in Canada and North America. The business started in a bar in Ottawa where Tim and his colleagues were discussing whether any of them, all successful tech high-flyers, had a will […]