The Trust Registration Service (TRS)

The Trust Registration Service (TRS)

The Trust Registration Service (TRS) This sounds like some sort of helpful registration devise for setting up a trust. If you believe that, you are seriously mistaken! The TRS was introduced a couple of years ago by our friends at HMRC.  The purpose has absolutely...
Home owners be aware (beware) of Capital Gains Tax – Part 2.

Home owners be aware (beware) of Capital Gains Tax – Part 2.

Home owners be aware (beware) of Capital Gains Tax – Part 2. Part 1 of this article warned of some of the problems that might follow from the introduction (with effect from 6th April 2020)  of the rule that on a disposal of a residential property, a Capital...
Home owners be aware (beware) of Capital Gains Tax

Home owners be aware (beware) of Capital Gains Tax

  Most of us ignore Capital Gains tax on houses, after all your house has the benefit of the Private Residence Exemption.  The first issue here is that it is the Principal Private Residence Exemption not just the Private Residence exemption.  If you have a second...
Probate Grief Tax Dropped

Probate Grief Tax Dropped

Justice Secretary Robert Buckland recently announced that the government has dropped its plans to introduce a scaled probate fee first proposed in 2016. The proposed hike had been put on hold in April this year on account of more pressing items on the government’s...
Solicitors ‘disappointed’ by proposed inheritance tax changes

Solicitors ‘disappointed’ by proposed inheritance tax changes

Solicitors claim proposed changes to inheritance tax will leave major problems unresolved, according to an article in the Law Gazette. In addition, members of the legal profession feel the changes will not lead to “wholesale change”. The Office for Tax...