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Private Client Law Blog

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.

Lewis Kendall

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.

 

Charles Richardson

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.

Charles Richardson

15 February 2024

No children – I don’t need to think about succession and wealth planning, do I?

A growing number of couples live a DINK (“dual income, no kids”) lifestyle instead of the historically ‘traditional’ family structure that includes having children. There has also been a rise in the “single income, no kids” (SINK) lifestyle.

Diva Shah

7 February 2024

Times's up on the remote execution of Wills – but for how long?

We wrote in August 2020 that the Government announced that legislation would be introduced to allow remote electronic witnessing of wills but this was only to be temporary.

Diva Shah

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