Apr 21, 2022 | Bullet Point Update
Note: references below to a “spouse” include a civil partner IHT accounts & “excepted estates” Following a person’s death Inheritance Tax (“IHT”) may be payable. So that HMRC can keep tabs on this the deceased’s executor has to deliver an IHT account to...
Apr 21, 2022 | Bullet Point Update
Note: references below to a “spouse” include a civil partner Introduction to IHT accounts & “excepted estates” Following a person’s death Inheritance Tax (“IHT”) may be payable. So that HMRC can keep tabs on this the deceased’s executor has to deliver an...
Jul 5, 2020 | Bullet Point Update
Introduction One of the effects of Covid-19 is that for some the value of their investments has gone down. Compared with the devastation Covid-19 has wrought for many that concern may not seem significant. One might see it as a “nice problem to have”. It can...
Feb 7, 2020 | Bullet Point Update
On 14th January the Inheritance Tax Act 1984 (Amendment)(Siblings) Bill was given its first reading in the House of Lords. What is it all about? Before turning to that some background: Inheritance Tax (“IHT”) Inheritance tax is a tax on transfers of wealth, mainly...
Jul 23, 2019 | Bullet Point Update
The Office of Tax Simplification There is (believe it or not) something called the Office of Tax Simplification (“the OTS”). It was set up as a temporary body in July 2010 and it was put it on a permanent, statutory footing by the Finance Act 2016. As its name...
