How To Value Assets And Liabilities For Inheritance Tax Purposes

New insight has revealed that despite an increase in inheritance tax thresholds over the last 20 years, higher rates of house price growth mean that homebuyers across 36 per cent all UK local authorities are

TRS

The Property (Digital Assets etc) Bill, introduced in Parliament, will mean that for the first time in British history, digital holdings including cryptocurrency, non-fungible tokens such as digital art, and carbon credits can be considered

This Remember A Charity Week (9th-15th September), solicitor firms, Will-writers and legal partners are joining charities across the UK to encourage people to consider leaving a gift to their favourite charities in their will, while

The latest wages data suggests that the new full state pension is expected to rise by £460 a year from April. The rise is expected to be driven by the “triple lock” mechanism, which dictates

A High Court judge has ruled that Donald McPherson, also known as Alexander James Lang, unlawfully killed his wife, heiress Paula Leeson, to gain access to her £4.4 million estate, as reported by The Telegraph.

Probate fees to increase from January

People dealing with the death of their partner and facing financial hardship will soon be able to apply to have the application fee for settlement waived, under new rules laid in Parliament today. Currently, people

Brachers law firm, based in Maidstone and Canterbury, has appointed a new tax and trusts specialist to strengthen its private client team. Joining with more than 18 years’ experience, Miranda Wood is senior tax manager

The UK state pension is set to increase by more than £400 in cash terms next year, as Treasury estimates suggest it will surpass inflation. The rise is expected to be driven by the “triple

The First-tier Tax Tribunal (FTT) has ruled that HMRC cannot pursue £588,700 of underpaid inheritance tax (IHT) linked to a failed tax-planning arrangement, as reported by STEP. This decision came after an HMRC officer mistakenly

Finders International has announced the launch of its new platform, the Finders International Development Hub. This innovative platform offers free online training and resources, specifically curated to support and elevate the expertise of public and

A third of retirees will rely on downsizing and inheritance

Over-55 homeowners are making major cutbacks as they try to be mortgage free by the time they retire , new research has revealed. Its study found nearly three out of five (57%) say they are

Only one in five (21%) believes justice is accessible, warns the Law Society of England and Wales. This warning comes as research by the Law Society and the Legal Services Board reveals that the justice

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

IHT reforms rejected by treasury

Rachel Reeves, the Chancellor, has refused to rule out possible increases to both inheritance tax and capital gains tax ahead of the upcoming Budget on October 30th, as reported by The Telegraph. In an interview,

Remember A Charity logo

A new report from Remember A Charity have launched explores the opportunity for wealth advisers to play a more active role in helping clients achieve their philanthropic goals through a charitable legacy. Looking at the

A case note on O’Neill v Holland [2020] EWCA Civ 1583

As of 1st October 2024, courts in England and Wales will have the authority to impose legal costs on parties who fail to participate in non-court dispute resolution processes in cases under the Trusts of

New freedom of information data from HM Revenue and Customs, obtained by Quilter has revealed that 3.1 million or one in five pensioners will be dragged into paying higher or additional rate tax by the

Young adults aged between 18-34 expect to have an average of three different careers over their lifetime with a five-year pension holiday, according to a new study commissioned on behalf of Handelsbanken Wealth & Asset

Care Home Covid Deaths Decline For First Time

Bereaved families are among thousands of people being ‘cheated out of interest on their own money by solicitors that have pocketed millions as a result’ says a personal finance comparison site finder.com. New research has

The Gazette is preparing to launch an updated mobile responsive website and is looking for wills and probate professionals to join a brand-new Research Group and help test it. Group members who help with the

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