EXECUTORS’ HIDDEN TAX LIABILITY

Executors of Estates could find themselves subject to a hidden tax liability resulting from income generated by the deceased’s investments. Whilst Inheritance Tax is calculated with reference to the value of assets held at date of death, income received during the administration of an Estate remains taxable where the investments continue to produce a [...]

By |2018-09-28T10:19:46+00:00September 28th, 2018|Latest, News/Blog, Private Client|Comments Off on EXECUTORS’ HIDDEN TAX LIABILITY

Public Register of Ultimate Owners of Overseas Companies owning UK property

Following their earlier consultation exercise, the Government has confirmed the intention to proceed with the world’s first public register which will require overseas companies buying UK property to disclose who the ultimate owners of the companies/properties are. The intention is that draft legislation will be published this summer and the register will go live in [...]

By |2018-08-24T14:37:13+00:00February 1st, 2018|News/Blog, Private Client, Property|Comments Off on Public Register of Ultimate Owners of Overseas Companies owning UK property

The Residence Nil Rate Band – A further IHT planning opportunity?

Background This note is intended to provide a brief overview of the new Residence Nil Rate Band introduced in the Finance (No. 2) Act 2015 and the supplementary Downsizing Provisions included in the Finance Act 2016. Both measures represent the government’s implementation of its May 2015 manifesto pledge to increase the Nil Rate Band [...]

By |2018-08-24T14:37:13+00:00December 6th, 2017|Latest, News/Blog, Private Client|Comments Off on The Residence Nil Rate Band – A further IHT planning opportunity?

Private Client Team present at Wills & Inheritance Tax Planning Conference

On 15th November, four Solicitors from our Private Client Team will be presenting at the Wills & Inheritance Tax Planning Conference at the ICAEW Chartered Accountants’ Hall. Our firm has teamed up with Mazars LLP (Financial Planners) to cover a full range of useful topics including: Writing your Will Inheritance Tax: The Basics Trusts [...]

By |2018-08-24T14:37:14+00:00November 9th, 2017|Firm news, Latest, News/Blog, Private Client|Comments Off on Private Client Team present at Wills & Inheritance Tax Planning Conference