Legal advice on the changes made to Capital Gains Tax and Inheritance Tax
Get expert legal advice on Autumn Budget changes to CGT and IHT, impacting estates, reliefs, and estate planning strategies for families and businesses.
Challenging a Will where you suspect coercion
Everyone has the right to decide what should happen to their assets and possessions when they die. They should be able to make these decisions freely as part of their Will – and without unwarranted or biased influences from family, friends or others, hoping to secure an inheritance.
What happens if I do not have a Will when I die
If you die in England and Wales without having a valid Will, this is known as ‘dying intestate’ and your estate will be distributed in accordance with the Intestacy Rules, not in accordance with your wishes.
Published report recommends Inheritance Tax overhaul
The All-Party Parliamentary Group for Inheritance & Intergenerational Fairness (APPG) has published a report recommending the abolition of Inheritance Tax (IHT) and replacing it with an entirely different less complex and fairer regime. Expectations were that the report would suggest changes to simplify IHT, not a complete overhaul.
Inheritance Tax and Adult Social Care Funding
There have been two interesting announcements recently which a lot of our clients should have on their radar.
The first was a request by the Chancellor to the Office of Tax Simplification to review Inheritance Tax.
Inheritance tax receipts at record level
Revenues from Inheritance tax have increased significantly to the highest levels since the tax was introduced in 1986. The introduction of the new Main Residence Allowance in April next year may impact these figures in future years but for some people Inheritance Tax is still very much a concern.