Senior Tax Manager Lucy Orrow has helped many clients with their Inheritance Tax and Estate Planning enquiries. In this series of Inheritance Tax case studies, we look at a typical scenario for Inheritance Tax and the implications of giving away wealth as a way of...
Senior Tax Manager Lucy Orrow has helped many clients with their Inheritance Tax and Estate Planning enquiries. In this series of Inheritance Tax case studies, we look at a typical scenario for Inheritance Tax and the implications of giving away wealth as a way of...
HMRC has issued statistics for the 2018/19 tax year which confirms that they have received £5.4 billion in Inheritance Tax in this period. The Inheritance Tax take by HMRC has been growing for the last 9 years and shows another increase of 3% over last year’s...
HMRC have just updated their guidance “what to do when someone dies”. This is a step by step checklist, which allows you to make sure you have not missed anything. The list includes: Registering the death; Arranging the funeral; Telling the Government about the...
The Office of Tax Simplification (OTS) have issued this month the results of a review of Inheritance Tax which was requested by the Chancellor in January 2018. Their initial findings released in November 2018 determined that around 5% of all Estates each year are...
With property values going up and more ways to save tax efficiently, the value of Estates continue to grow. Lambert Chapman’s top tips for cutting Inheritance Tax (IHT) are: Make Tax Exempt Gifts Pay £250 to anyone under the Small Gifts Exemption and Up to £3,000 in...
