Blog
Rayner my parade! The importance of specialist advice.
Jemma Brimblecombe
19 March 2024
Relax on Grant on Credit IHT rules
With the recent Spring Budget came a relatively small update to Inheritance Tax (“IHT”) whereby applications for a ‘Grant on Credit’ no longer require Personal Representatives (“PR”) to seek commercial loans to pay IHT before they are able to apply for the Grant.
26 February 2024
Delivering 30by30 on land in England: What should landowners be considering?
The government made a commitment to protect 30% of the UK’s land and sea by 2030, adopted globally at the UN Biodiversity Summit COP15 in December 2022. With Defra recently announcing the desire to work collaboratively with landowners to meet the “30by30” target, the question is what implications this will have for participating landowners, particularly in the field of taxation, where much uncertainty remains.
20 February 2024
Life under Labour: What could Labour’s renewables policy mean for landowners?
On 8 February, Labour announced it will no longer be spending £28bn a year on environmental projects if it wins the upcoming general election. Instead they would cut funding for their green prosperity plan in half to a figure under £15bn due to economic changes since the plan was announced.
12 June 2023
Part 4: Succession to a landed estate - preserving and improving the estate
Running an estate is a long-term project and even with a clear aim, the succession plan is bound to encounter unexpected challenges, such as a law or family change. To provide the best opportunity to thrive, I find that setting and sticking to principles, and applying a disciplined, consistent approach normally pays dividends.
12 June 2023
Part 3: Succession to a landed estate - minimising tax
One of the biggest risks to the future of a landed estate is tax and specifically the inability to meet a liability without recourse to a sale of core estate assets. Taken to an extreme, unplanned tax charges can result in an estate having to be sold off or broken up to meet the liability.