Wills & Probate
Probate registry delay complaints continue to mount
For several years now (i.e., since the pandemic), the probate process has been fraught with severe delays, leading to increased financial hardship and even cancelled house sales for thousands of families. According to official figures, waiting times almost doubled between April 2022 and April 2023,....
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Could the end of Inheritance Tax be imminent?
Inheritance Tax (IHT) is a tax levied on the estates of people who have died, normally at a rate of 40%. Whilst just one in 20 estates are subject to IHT, this number actually used to be far lower. The threshold for the tax has been frozen at £325,000 since the 2009/10 financial year; in the subse....
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How to stay on the right side of IHT
Inheritance Tax (IHT) – the British public’s most hated tax – is levied on the value of a deceased person’s estate. From April 2022 to December 2022, the amount raised by IHT was £5.3 billion, £700 million higher than a year previously. As the frozen threshold forces more and more people ....
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Trustees – don’t miss your trust registration deadline
In 2017, the Trust Registration Service (TRS) was established to register trusts for both tax and Anti-Money Laundering (AML) purposes. At first, trusts only needed to be registered if they were liable to pay tax – for example, Capital Gains Tax, Stamp Duty Land Tax, Income Tax or any other kind ....
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