Inheritance Tax

Inheritance Tax, Crucial Reliefs & Covid 19

Many thousands of people in the UK have lost their lives during the Covid-19 pandemic and about 5% of those deaths will probably result in an inheritance tax charge.   Inheritance tax is charged on the estate of a deceased…
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What issues does Covid-19 raise for Estate Planning in 2020?

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 & Tax Planning

By the time we emerge from the Covid 19 crisis the UK will be vastly more indebted. Households, companies and the state will be carrying much more debt and be much more risk averse.  The Bank of America believes the…
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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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