Court of Appeal rules against HMRC in ‘home loan’ IHT dispute
The Court of Appeal has ruled that the use of a controversial ‘home loan’ scheme successfully removed the obligation to pay inheritance tax on a property. The scheme was arranged by Leslie Elborne in 2003 in an attempt to remove the value of her home, of which she was the freehold owner, from her taxable […]
‘Bank of grandparents’ sparks marked change in wealth inheritance
New research from The Private Office (TPO) shows a marked change in how older generations think about passing on wealth, as annual financial gifts across the UK reach £17 billion, with £9.6 billion going directly towards helping first time buyers get onto the property ladder. A survey of 2,126 UK adults aged 45 and over, […]
SRA expands executive leadership team
The Solicitors Regulation Authority (SRA) has announced two new appointments to its executive leadership team. Alan Evans joins the regulator as its new executive director, general counsel, risk and compliance and will take up his post in October. Kate O’Neill joined as executive director, communications and external affairs in May. The SRA announced changes to […]