13 May 2019
Constant changes in tax laws means that trustees should be keeping up to date with current issues that impact them. Our upcoming event will cover an update on these various changes and how these changes will impact trustees and directors of property holding entities. Register your place.
20 February 2019
A US citizen living in the UK could find they are caught by the UK inheritance tax regime and the US estate and gift tax rules. The interaction of these rules and the application of the UK / US estate and gift tax treaty is complicated and may have some unexpected consequences.
20 February 2019
We provide services on a range of private client matters, including the re-sealing of foreign grants and English grant-only applications; for the sake of clarity we do not provide legal services in relation to estate administration.
24 September 2018
HMRC have just published updated guidance on the subject of the situs of ‘specialty debts’. This is potentially important for any non-UK company or trust that is owed money and could have an inheritance tax impact for shareholders/settlors as well.
03 September 2018
Unexplained wealth orders came into existence on 31 January 2018. They are a mechanism which is designed to confiscate the proceeds of crime by using civil, as opposed to criminal, powers.
Many spouses and civil partners are under the impression that anything they gift to the other, whether during their lifetime or on death, is fully exempt from inheritance tax (IHT). However, there is an anomaly which can have serious IHT consequences for some couples (spouses and civil partners are referred to as ‘married couples’ and ‘spouses’ below for brevity).
20 April 2018
According to the Office for National Statistics report: Families and Households: 2017, one in five couples living together in 2017 were not married or in a civil partnership. In total, around 3.3 million couples cohabit, more than double the 1.5 million number from 10 years ago. Of these couples, around 40 per cent have dependent children.
05 February 2018
Have you retained connections with India? Could the 1956 UK/India double tax treaty provide inheritance relief?