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Are we going to see changes to Inheritance tax or Capital Gains Tax?

Are we going to see changes to Inheritance tax or Capital Gains Tax?

Are we going to see changes to Inheritance tax or Capital Gains Tax? When I first agree to write this article it was assumed that the March budget would include provisions to tighten up Capital Gains tax (CGT) and Inheritance tax (IHT). But there were no announcements...
Update: Registering a Trust with HMRC’s Online TRS

Update: Registering a Trust with HMRC’s Online TRS

Update: Registering a Trust with HMRC’s Online TRS As part of the UK government’s implementation of the 5th EU Money Laundering Directive almost all Trusts are required to be registered with HMRC using the Online Trust Registration Service (TRS). Online Trust...
Welfare Deputyships: are they now easier to obtain?

Welfare Deputyships: are they now easier to obtain?

Welfare Deputyships: are they now easier to obtain? For many years now, anyone mentally capable of creating a Lasting Power of Attorney (“LPAs”) has had the option to create two types. One is over financial matters and the other is over ‘Health and Welfare’ decisions....
What is a Trust

What is a Trust

What is a Trust Broadly speaking, a Trust is an arrangement under which property i.e. land, cash, investments, or some sort of rights such as copyrights, is held by a person or organisation on behalf of one or more people.  The people holding the property are called...
The Importance of keeping Records for Probate

The Importance of keeping Records for Probate

The Importance of keeping Records for Probate Research has suggested that it is becoming increasingly more difficult to track down assets when dealing with a deceased’s estate. When someone dies, it is their executor’s responsibility to locate their assets, obtain...
What are the duties and responsibilities of a Trustee?

What are the duties and responsibilities of a Trustee?

What are the duties and responsibilities of a Trustee? In very simple terms the job of the Trustees is to give effect to the terms of the Trust and or the wishes of the Settlor. This sounds quite simple and in the case of some trusts it is relatively simple. If the...