Tax & Trusts
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Chancellor Rachel Reeves confirmed changes to Inheritance Tax (IHT) and Capital Gains Tax (CGT) in the budget as part of her tax rise package, which aims to raise £40bn. What...
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Millions of couples across the UK are choosing to forego marriage and live as cohabiting couples. However, without proper estate planning, they could be putting their finances at risk. Unlike...
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What is the Trust Registration Service? The Trust Registration Service (TRS) is a register of beneficial ownership of trusts, first set up in June 2017, designed to implement the EU’s...
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As you will have seen, the Government has announced a series of unprecedented measures to support both individuals and businesses alike in response to the economic threat posed by Covid-19....
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From 6 April 2020, there will be a ‘seismic change’ [John Bunker, Chair of CIOT’s Private Client UK Committee] in how tax is paid on residential property. All UK residents...
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From 6 February 2020, spouses or civil partners will be able to inherit up to £270,000 if their partner dies without leaving a valid Will. The official name for this...
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Personal Injury Trusts are a way to ensure that when someone receives compensation for a personal injury, money can be properly looked after on their behalf. They will also not...
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Property investors could be set to benefit from a new inheritance tax relief case ruling. According to Stephen Barratt, private client director for James Cowper, those using business property relief...
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The Society of Trust and Estate Practitioners (Step) has revealed a draft model clause for Wills. It is proposing a reduced rate of Inheritance Tax (IHT) where there is a...
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Changes to inheritance tax will not be made for family businesses, according to exchequer secretary David Gauke, despite a report recommending the removal of business property relief (BPR). Speaking at...
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The value of our online lives is worth billions of pounds but many of these assets may never be passed on, as people are failing to record their digital worth....
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An extra £3 billion to prepare for Brexit over the next two years and a vision of an economy that is ‘fit for the future’ were at the heart of...
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