Tax Blog

Covid 19, Wills & Tax Planning

Covid 19, Wills & Tax Planning Ian Bond TEP, chair of the Law Society’s wills and equity committee, recently stated to the Daily Telegraph that levels of requests for will drafting are now up 30 per cent. That corresponds to what I have…
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Inheritance Tax and the 2020 Budget

After several months of noise regarding changes to inheritance tax Rishi Sunak’s budget avoided even tentative adjustments to the tax altogether. Headline predictions included a reduction of the rate from 40% to 10%, removal of lifetime gifting allowances, and the…
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Trust Registration Obligations: Update Early March 2020

  “The immanent extension of the online UK Trust Registration Service (TRS) to cover express trusts without any tax consequences, under the EU Fifth Anti-Money Laundering Directive (5AMLD), is likely to extend the number of registrable trusts from around 200,000…
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Inheritance Tax in the New Era

Inheritance Tax in the New Era: 2020   When Sajid Javid, the Chancellor of the Exchequer, hinted at the 2019 Conservative Party conference that scrapping inheritance tax ‘was on his mind’  he was merely taking his place in a long…
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The best way to gift cash to grandchildren?

It is often the way of things that those involved in inheritance tax planning overlook the simple and straightforward. Part of the reason undoubtedly lies in the discipline needed to make regular gifts over many years. For those who have…
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