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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Updates following the recent Budget

Updates following the recent Budget

  New Main Residence Nil Rate Band Planning In the recent Budget further details on the new additional “Main Residence Nil Rate Band” were announced. This will benefit individuals with direct descendants who have an estate, which includes a main residence, with total assets above the current inheritance tax threshold, or nil-rate band.   What is the “Main Residence Nil Rate Band”? The new proposal […]

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Overseas Wills and the August change in regulations

  Buying an overseas property is probably the most exciting thing that you will ever do. The prospect of holidays to come, or even moving abroad, is a very enticing prospect for many people and when you do it, you probably can’t wait to go out to your new property. However, it does make sense to take a step back and think at this stage […]

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Craig Palfrey hosts Tax Planning lecture

Craig Palfrey was recently invited as a guest lecturer at the University of Glamorgan to share his knowledge of Wills, Trusts and Tax Planning with first year accountancy students.         The lecture was well attended and complements our work with the university as we help them with work experience opportunities in the financial services sector. Craig will be hosting a seminar on Trust Planning […]

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More from Penguin…

  There is more to Penguin than just Penguin Tax Planning…   Penguin Wealth   Penguin Tax Planning is a trading name of Penguin Wealth. Penguin Wealth LLP are a South Wales based Financial Planning Firm. Penguin recently won the ‘Adviser Firm of the Year Wales’ award at the Professional Adviser Awards.   Increase Your Pension   Increase Your Pension is a website designed to […]

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