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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Death & Taxes – The Real Origins of the Phrase (it’s not what you think)
It was on November 13th, 1789, that Benjamin Franklin wrote in a letter to Jean-Baptiste Leroy a phrase that has reverberated ever since: “Our new Constitution is now established, and has an appearance that promises permanency; but in this…
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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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Are Trustees Ready for 10 March 2020??? The Stakes Are High!!!
As the number of trusts and estates have continued to fall, trustees should be taking advice about the increasing scope of the trust register, as implied in my post of 1 October. Trustees now have less than six months tp prepare…
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Is this the end of a centuries-long era for trusts?
Statistics released by HMRC this week show a fourth consecutive year of decline in the number of trusts in the UK. This is the continuation of a trend which over the last decade or so has seen the total number…
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HMRC achieves a record levels of inheritance tax
There has been a 15% hike in the number of estates liable to pay inheritance tax in recent years and HMRC has been the beneficiary – to the tune of a record-breaking £5.4bn in 2018/19 According to figures released in…
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Capital Gains Tax overhaul ‘to raise £90bn’?
Bringing taxation on assets in line with the regime for income tax could raise £90bn over five years, according to a recent report from the Institute for Public Policy Research (IPPR) which is calling for the removal of the capital…
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Inheritance Tax Unclear for Many People
Some 40% of people do not know how much money can be passed on free of inheritance tax (IHT), research from Zurich has found. Statistics from the provider also showed 36% of over 55s did not know how much they…
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Inheritance Tax Faces a Fundamental but Interesting Change
Under proposed changes to the inheritance tax, the current rules on gift-giving could be cut down from seven years to five. A review of the system ordered by chancellor Philip Hammond claimed the period in which executors are required to…
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‘Inheritance Tax Planning with Investment Property’
‘Inheritance Tax Planning with Investment Property’, is now available for you to download at absolutely no cost today, Tuesday 4th June, and for the next two days. Simply go to Amazon Books and type in ‘Steve Parnham’ or follow this…
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