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...
Warning about DIY wills

Warning about DIY wills

A DIY will could end up costing you a fortune, according to an article in the Daily Mail. Cheap wills, the article says, have led to a surge in court cases where people fight over their loved one’s estate, Ben Wilkinson writes. Low-cost online and DIY wills could...
The Benefits of Lasting Powers of Attorney

The Benefits of Lasting Powers of Attorney

A recent Law Society blog by the Society’s Private Client Section member, Jane Cassell, focused on why everyone should make arrangements to put lasting power of attorney in place. Lasting power of attorney (LPA) can cover two areas—property and financial affairs, and...
DWP changes to funeral expense claim process

DWP changes to funeral expense claim process

The Department for Work and Pensions has announced that families will find it easier to get help to pay for funerals, thanks to a change to speed up funeral expenses payment claims. Until now, funeral expense payment claims couldn’t be processed until there was a...