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New Residence Nil Rate Band introduced April 2017

New Residence Nil Rate Band introduced April 2017

Here we go again! Another seemingly positive initiative from the government that needs to be treated with great caution. As is always the case in today’s environment you need to sort the wheat from the chaff. There is a trend here – a big tax giveaway (on the surface) accompanied by Treasury projections which show increased revenue for the government. Are we alone in wondering […]

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New Probate Fees

New Probate Fees

In May 2017 the government is introducing increases to probate court fees. The justification for this is to help ensure the court system is properly funded.  Estates that can afford to contribute more will take the main burden of the increase. The new proposed fee structure is as follows: Value of estate*                                                                                                              Proposed fee Up to £50,000 or exempt from requiring a grant of […]

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How to Avoid Over £3 Billion in Tax

How to Avoid Over £3 Billion in Tax

The news that (allegedly) the recently deceased Duke of Westminster’s Estate (the Grosvenor Estate) will largely be passed on with no Inheritance Tax payable has created a furore, to say the least! The figures involved are staggering; estimates of an Estate Value of somewhere around £9-£12 Billion suggest that a strict interpretation of IHT rules and rates means the tax saving could be somewhere between […]

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