Poor Planning and Poor Records = A Poor Legacy for the Children
Provincial Equity Finance v Dines, 2023 EWHC 103 Ch is a reminder that inheritance tax disputes are often won or lost by whether the testator has done some of the ‘heavy lifting’ that is necessary during their lifetime. The adult children of…
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Late Payment of Tax Becomes Expensive
Following the Bank of England’s announcement on 2 February 2023 that the base rate will rise to 4%, HMRC’s interest rates are also increasing by 0.5%, to 6.5% for late payment interest. The rates, which apply to the main taxes and…
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