Love, marriage and SDLT on additional properties
Posted by Ian Henman on December 25, 2024The chancellor introduced an extra charge to stamp duty land tax for additional properties a few years ago, here’s how you may be able to avoid it…
Legacy Planning – make it your New Year’s Resolution!
Posted by Ian Henman on December 13, 2024Have you started to make those important decisions? Don’t leave it late start thinking about your Will.
Over 50,000 Lasting Power of Attorney applications rejected
Posted by Ian Henman on November 21, 2024During 2023 / 24, over 50,000 Lasting Power of Attorney applications were rejected. We look at common errors and how to avoid them.
Unclaimed legacies – could you be owed a windfall?
Posted by Ian Henman on November 12, 2024Unclaimed legacies – could you be due a windfall? We examine the process that comes into play when beneficiaries cannot be traced.
Lifetime gifts and Inheritance Tax: how to notify HMRC
Posted by Ian Henman on October 28, 2024You may know that lifetime gifts can be exempt from IHT if you live for seven years afterwards. But how do you report them to the taxman?
How to register a trust – act now to avoid a fine!
Posted by Ian Henman on September 11, 2024Did you know that many non-taxable trusts need to be registered with HMRC? Register your trust now to avoid a fine.
Inheritance Tax insurance and the 7-year rule
Posted by Ian Henman on August 8, 2024More and more people are getting caught in the IHT trap. Can Inheritance Tax insurance be helpful when making gifts to family and loved ones?
Gifts and Inheritance Tax: don’t fall foul of the rules!
Posted by Ian Henman on May 10, 2024Do you understand the complex rules governing gifts and Inheritance Tax? If not, HMRC could easily hit you with an unexpectedly high IHT bill.
Powers of Attorney and Pensions – a good couple
Posted by Ian Henman on March 27, 2024Powers of Attorney really are vital to have in place before someone becomes old or loses the capacity to make decisions.
IHT: when the 7-year rule becomes the 14-year rule
Posted by Ian Henman on February 29, 2024Inheritance Tax is complicated! Without the right planning, you get can get tripped up by the 14-year rule and pay more than you need.
