Sep. 29, 2023
IHT, Wills, Trusts
September 4, 2023
Intestacy entitlement increased
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If an English or Welsh domiciled person dies without leaving a will, the amount that a spouse/civil partner can inherit has increased.
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July 3, 2023
More estates paying IHT
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The average IHT bill is now nearly £62,000, with much larger amounts payable if an estate includes a property in London or the South East.
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October 5, 2022
Inheritance tax receipts double in a decade
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New data from HMRC show the Treasury’s inheritance tax (IHT) receipts have doubled since 2012/13. Source: HMRC. Of all the various taxes levied in the UK, IHT is one of
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April 12, 2022
IMPORTANT CHANGES TO TRUST LEGISLATION
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You may not be aware of some new legislation which has been announced that forces nearly all trusts to register with HMRC before 1 September 2022, whether or not they
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March 31, 2022
Protecting the normal minimum pension age
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The normal minimum pension age (NMPA) will increase from 55 to 57 on 6 April 2028, although a protected pension age regime will be introduced. This will allow those who
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May 14, 2012
Intestacy is not a dirty word… but should be avoided
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Drawing up your will features high on the list of things you might wish to postpone to a later date along with going to the dentist. However, it is usually
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September 10, 2009
Trust issues…
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For married couples, the nil-rate band for inheritance tax was effectively doubled last year, meaning that IHT is only an issue when your combined assets are worth more than £650,000. But it’s
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August 18, 2009
The Wife Gets Everything…
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A lot of people assume that if they die, their spouse will get everything. That isn’t how it works at all. If you’re a married man with a wife and
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July 2, 2009
Gone With the Wind?
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Scarlett O’Hara famously declared: “Death, taxes and childbirth! There’s never any convenient time for any of them.” How right she was – and when it comes to IHT, death and
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