Stephen Parnham Taxation Limited
Cheltenham Chartered Tax Advisers
Advising throughout the UK
A legatee who inherited her father’s furnished holiday accommodation business failed to persuade the First-tier Tax Tribunal that it was ‘relevant business property’ for the purposes of business property relief under the Inheritance Tax Act 1984 (IHTA). The property was…
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Lockdown has prompted the government to update the 183-year-old rules on witnessing wills. But some solicitors think reform is unnecessary and risks creating a contentious probate spike. Wills have stubbornly resisted the digital world. While many legal documents, including deeds…
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Massive public spending during the Covid-19 crisis means the government will almost certainly increase taxes in the short to medium term. Additional austerity seems implausible and government borrowing is already stretched. The government will be emboldened in its revenue-raising task…
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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 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 archive of the late Tony Benn has been donated to the British Library under the acceptance in lieu scheme, allowing his family to reduce a substantial inheritance tax bill. The enormous collection, comprising several hundred thousand documents and recordings…
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The archive of the late Tony Benn has been donated to the British Library under the acceptance in lieu scheme, allowing his family to reduce a substantial inheritance tax bill. The enormous collection, comprising several hundred thousand documents and recordings…
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New research by Royal London reveals that 5.4 million adults without a will do not know how to begin if they were to write one. 5.4 million adults without a will would not know where to begin if they were…
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The government has recently announced substantial increases in the fee to obtain the grant needed to take control of a deceased’s estate. The new fees, payable to the probate registry and due to take effect in April 2019, amounts to…
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In yet another family farm dispute, and there have been many recently, farmer JM Gee has made a successful proprietary estoppel claim on £8 million of farm assets, on the basis that his father assured him for 30 years that…
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