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Tax and Trusts

A New Inheritance Tax Allowance

Guy Birtwistle
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As you may be aware, individuals currently have an inheritance tax allowance of £325,000 and an unused allowance can be transferred to the surviving spouse. Legislation was introduced in the Summer Finance Bill 2015, published in July, to provide for...

Inheriting an ISA - The New Rules

Guy Birtwistle
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The investments of most people nowadays will include cash ISAs and/or stocks and shares ISAs. The benefits of holding these investments have recently increased. For the current tax year (2015/2016), the annual subscription allowance for ISAs is...

Shaking Up the Status Quo of Intestacy - The New Rules

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If you die without a Will then you are said to have died ‘Intestate’ and your estate will be distributed in accordance with the latest intestacy rules. These rules determine who should benefit from your estate. The rules were thought to...

Health & Welfare Lasting Power of Attorney - Overlooked or Over-the-Top

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For those of you unfamiliar with Lasting Powers of Attorney they can be summarised as a legal document that allows you to appoint someone to make decisions on your behalf in the event that you are too unwell to make those decisions for yourself. There are...

Inheritance Tax Planning - legitimate or immoral?

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The number of celebrities being caught up in ‘tax avoidance’ schemes has been widely publicised. However, recent statistics issued by the Institute of Fiscal Studies suggest that Inheritance Tax (IHT) is no longer just a problem for the rich and...

Where theres a Will... there doesn't have to be a family argument a (Hollywood Tale)

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I appreciate that although very few of us have the personal wealth to rival the rich and famous; when it comes to putting our affairs in order, we could learn a lot from their mistakes. Wills, or the lack of, have made for fascinating reading in the...