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Many people like to make a gift of assets in their lifetime whether that be to help people in need, as a means of Inheritance Tax planning or out of pure generosity! To start or continue such a pattern of gifting where a person has lost mental capacity can prove difficult. Where someone has lost […]
The summer 2018 heatwave appears to have come to an end for now but with reports that this type of summer heat might become the norm for much of the UK, how prepared are businesses to cope with the change? The hot weather and sunshine have been great for barbecues, beer gardens and the al […]
The Inheritance Tax treatment of furnished holiday lets has been a thorny issue for many years with Executors of estates and HMRC disagreeing over the correct interpretation and tax treatment in estates of people who die owning such properties. Inheritance Tax is generally due if somebody has assets in excess of £325,000 unless they have […]
The Office of Tax Simplification has recently published a report, which has been endorsed by the Law Society calling for a shake up of the current inheritance tax regime. The current rules surrounding inheritance tax are complex and ever changing. The best advice on inheritance tax ten years ago is very different to the best […]
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