Stephen Parnham Taxation Limited
Cheltenham Chartered Tax Advisers
Advising throughout the UK
Although nothing to do with inheritance tax or capital gains tax, this is nevertheless a really interesting case where most professional advisers would instinctively feel that the original 2016 ruling was not quite right. The England and Wales High Court…
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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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HM Revenue and Customs is increasingly targeting estates it believes have undervalued residential property to avoid Inheritance Tax bills, according to an accountancy firm. HMRC investigated 5,400 estates for underpayment of inheritance tax (IHT) last year. This is up 5%…
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In the latest farming dispute to emerge from the courts (Wild v Wild, 2018 EWHC 2197 Ch), a judge has ruled that a £1.65m farm and bungalow should be included in the deceased’s estate rather than part of a farming…
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If you have not read ‘The Absolute Essence of Inheritance Tax Planning’ then this is probably the best time to get it for three reasons. Firstly, after just under 18 months in publication in remains an Amazon #1 Bestseller in…
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HMRC have recently released details of the value of assets held in UK taxpaying discretionary trusts at the ten yearly charge date, and have confirmed that information for more recent years is deemed to be incomplete because of delays by…
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Executors could be unwittingly undervaluing a deceased’s estate by failing to declare unsuspected digital assets such as online bank accounts, Paypal accounts, cryptocurrency, ownership of internet domains and so on, says the Institute of Legacy Management. Its response to the…
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Inheritance tax (IHT) has been around for more than 300 years. In its current form, it replaced the old Capital Transfer Tax, which had been developed with a philosophical basis – to protect the poor by deliberately redistributing inherited wealth…
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A very good afternoon, As you may already be aware, new digital privacy regulations will be introduced on 25th May relating to General Data Protection (GDPR). I need your consent to send you email communications, particularly those relating to my…
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