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Wills, tax, trusts & probate blog

Controlling your choices

24 May, 2019
Moving into care can be a daunting and confusing time, both for those needing assistance and for their families. It is even harder if the ability to articulate wishes and feelings...
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Wills, tax, trusts & probate blog

SDLT non-resident surcharge consultation

10 May, 2019
What the consultation is all about? The SDLT consultation is about a proposed additional 1% SDLT surcharge on non-UK residents interested in buying UK residential property. The...
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Wills, tax, trusts & probate blog

Preparing for the inevitable…

1 May, 2019
Probate is not an easy thing. But when a loved one has died and the funeral has been arranged, thoughts must eventually turn to the next steps – sorting out their personal...
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Wills, tax, trusts & probate blog

New CGT rules for non-UK residents

10 Apr, 2019
Commercial property disposals – new CGT rules for non-UK residents From 6 April 2019, the non-resident capital gains tax (NRCGT) regime has been extended to bring both direct and...
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Wills, tax, trusts & probate blog

Disguised Remuneration Loans

4 Apr, 2019
Disguised remuneration loans - if it looks too good to be true, it probably is! Freelance contractors across the UK are currently engaged in a tax avoidance debate with HMRC...
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Wills, tax, trusts & probate blog

Update - Probate Fees Reform

22 Mar, 2019
Click here for more information about the Government’s proposed probate fee reform.  For those of you already following this topic, here is the latest update. A report published...
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Wills, tax, trusts & probate blog

Can your financial Power of Attorney be used abroad?

21 Feb, 2019
Setting up an Enduring Power of Attorney (‘EPA’) or Lasting Power of Attorney (‘LPA’), appointing someone to make financial decisions on your behalf should you lose mental...
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Wills, tax, trusts & probate blog

Update! Probate fees reform

13 Feb, 2019
Last Thursday (7 February), the Government’s proposed changes to probate fees  - which will see the current flat fee (£215 for individuals and £155 for those applying through...
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Wills, tax, trusts & probate blog

Taxation of trusts

5 Feb, 2019
Taxation of trusts – our thoughts on proposed changes Last November the Government launched a high level consultation on the future taxation of trusts. The consultation paper...
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Wills, tax, trusts & probate blog

The clock is ticking: time to sell?

25 Jan, 2019
As we highlighted in a blog last November (see here), the rules about tax relief on increases in value of residential property are set to change in April 2020.  The difference...
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Wills, tax, trusts & probate blog

New Year’s Resolutions...

16 Jan, 2019
If it’s not too late…Happy New Year from the Private Wealth team. With the festive period fading into the background for another year, our focus has turned to those all...
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Wills, tax, trusts & probate blog

Planning for the future at Christmas

19 Dec, 2018
Planning for the future at Christmas: a conversation people should try not to avoid Christmas for many is a time spent catching up with their loved ones. It is possible that whilst...
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Wills, tax, trusts & probate blog

No change of tack for the Upper Tribunal in livery business case

6 Dec, 2018
CRC v The PRs of The Estate of Maureen Vigne (deceased) A claim for Business Relief (previously known as Business Property Relief) from inheritance tax has been allowed for a...
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Wills, tax, trusts & probate blog

What to do when someone dies

22 Nov, 2018
That awful moment has happened.  A loved one has died and you need to register the death and make the funeral arrangements.  People imagine that they will know what to do, but...
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Wills, tax, trusts & probate blog

Budget update!

9 Nov, 2018
Changes to Main Residence Relief and Lettings Relief Are you selling your main home for more than you paid for it? If so, the ‘main residence relief’ rules generally mean that...
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Wills, tax, trusts & probate blog

Probate fees increased as probate system modernised

7 Nov, 2018
              The Government has re-introduced controversial plans to increase probate fees, which were dropped in the lead up to the snap...
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Wills, tax, trusts & probate blog

Autumn Budget 2018: Headlines for individuals

30 Oct, 2018
The main headline which Philip Hammond saved for the end of his Budget announcement, is that the increase of personal allowances to £12,500 and the higher rate threshold (when you...
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Wills, tax, trusts & probate blog

Tax Return Deadline

26 Oct, 2018
Are you one of the 11,000,000 people who need to complete a 2017/18 self assessment tax return?  If so, and you plan to submit your return by post, the filing deadline is...
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Wills, tax, trusts & probate blog

How can I minimise the chance of a claim against my estate?

25 Oct, 2018
In England and Wales you are free to make a Will directing who should receive your property and other assets (your ‘estate’) following your death. This is an important right...
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Wills, tax, trusts & probate blog

Charitable giving – what do you want your legacy to be?

11 Oct, 2018
Despite the bad press that modern society often gets, there is still a strong culture of generosity and charitable giving features on many people’s ‘must do’ lists.  While...
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