Stephen Parnham Taxation Limited
Cheltenham Chartered Tax Advisers
Advising throughout the UK
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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Anyone observing family disputes over farming businesses over the past few years will probably have reflected on the wisdom of making succession plans as clear as is practical. Unfortunately, family ‘understandings’ lack clarity and formal undertakings. Chapter 3 of my…
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HMRC has updated the sections of its inheritance tax manual covering the crucially important residential nil-rate band for inheritance tax. The new sections can be found at IHTM46000 onwards. HMRC Guidance – http://bit.ly/2ektrwD HMRC Manual – http://bit.ly/2pDCcnW The Guidance is…
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Labour’s manifesto is expected to halve the inheritance tax threshold to £425,000 ( i.e. two nil rate bands and two 2017/2018 residential nil rate bands) according to the Evening Standard. Shadow chancellor John McDonnell confirmed on BBC radio that if…
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HM Revenue & Customs has developed an online calculator to enable estate administrators to calculate any additional threshold to which an estate may be entitled, under the residential nil-rate band rules now in effect. Well worth a visit for executors…
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This is a major development for those concerned with estates and inheritance tax planning. Probate fees had been due to rise from £155 or £215 to up to £20,000 for some estates in England and Wales from May. The Ministry…
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‘The Absolute Essence of Inheritance Tax Planning’ is the antidote to ‘being stuck’ when planning for inheritance tax! The ‘Absolute Essence’ has been written to literally change your mind, your way of seeing things. It will give you the in-depth…
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What is probate? When someone dies, you need to get the legal right to deal with their property, money and possessions, and to do so you need a grant of representation, which is known as ‘probate’. When is probate not…
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