Blog
Rayner my parade! The importance of specialist advice.
Jemma Brimblecombe
21 October 2019
Inheritance tax planning at the 11th hour
An increasing number of estates are falling into the range of Inheritance Tax (IHT); if IHT were ever the concern only of the ‘rich’, it certainly isn’t now.
4 April 2019
Inheritance Tax – are the very wealthy breathing a permanent sigh of 'relief'?
Both the Guardian and the Independent carried articles earlier this week centred on the statistic that the average rate of Inheritance tax (IHT) paid on the deaths of the very wealthy is 10% while the average rate on more 'modest' estates of between £2 million and £3 million was 20%.
8 February 2019
Act quickly! The new probate fee ‘stealth tax’ moves a step closer
The House of Lords has voted through the proposal which will introduce a new stealth death tax for the middle classes from April 2019. The fees payable to the Probate Registry will be dramatically increased from a flat rate of £155 for a solicitor application or £215 for a personal application for estates above £5,000 to a maximum of £6,000.
6 December 2018
Inheritance Tax - why do so many fall into the 'Gift With Reservation of Benefit' trap?
Saving Inheritance Tax (IHT) on death by making a gift and surviving by seven years is standard tax planning sanctioned by statute. However, if you make a gift but ‘reserve a benefit’ in the property given, it will still be brought into charge on death, regardless of how long you survive.
26 February 2018
IHT and CGT - uncomfortable bedfellows? Don’t overlook possible Capital Gains Tax exposure in your Inheritance Tax Planning
Inheritance tax (IHT) and Capital Gains Tax (CGT) share the handle of 'capital' taxes. They have an uneasy relationship. They’re comfortable when doing their own thing; CGT a charge on capital profits, IHT a levy on the value in a deceased’s estate. But there are many occasions when they both come into play, giving both opportunities for effective planning and expensive traps for the unwary.