Navigating the Festive Season: Gifting and Tax consequences Introduction The holiday season is a time of joy, generosity, and giving. As Christmas approaches, many of us find ourselves in the spirit of giving, whether it’s through thoughtful presents, donations...
A Brief Guide to Agricultural Property Relief Agricultural Property Relief (APR) is a Tax Planning mechanism available to farmers and landowners. It is designed to make the transfer of farming land on death less financially burdensome. It provides total or partial...
What is a cross-border Estate? When an individual dies, their assets (e.g., properties, bank accounts, investments, stocks and shares, valuable personal possessions) and their liabilities (e.g., credit cards, utility bills, personal loans, mortgages, Income Tax) are...
Why our Private Wealth Solicitors work with Financial Advisors When it comes to Wills, Trusts, Power of Attorney (LPAs) Inheritance and planning for our client’s future our team will often work with specialist professionals from outside the legal sector, with one of...
Emma and Nicole are talking about Trusts and looking at the Frequently asked questions surrounding them: What is a Trust ?How is a Trust set up?How can a Trust be used to save Inheritance Tax?What will I have to do as a Trustee?How can a Trust be used for children?...
Looking After Your Loved Ones on Blue Monday Blue Monday ordinarily falls on the third Monday of January, when the bright lights of Christmas are fading away and many of us have returned to work. The weather is far from glorious, and the cold is sneaking in. This...
I am going to inherit some money…what do I do? If you are not sure what to do with inheritance, we have outlined some options available to you in this article. There are two potential situations. The first is you think that when your Mum Dad or Auntie dies, you will...
New High Court Ruling on Trustee Investment Decisions In the latest case of Butler-Sloss v Charity Commission, 2022 EWHC 974 Ch, the England and Wales High Court (EWHC) made a declaration as to whether Charitable Trustees can take environmental goals into account when...
Q&A: Understanding Power of Attorney At Herrington Carmichael we are seeing lots more of our clients living a much longer life. The WHO (World Health Organisation) says life expectancy has increased by more than 6 years to 73.4 between 2000 and 2019, and while we...
Property – what do base rate rises mean for homeowners? Over recent months the Bank of England’s interest rate has been increasing. In May, the government announced that the Bank of England’s base interest rate would rise from 0.5% to 1% and then on 19 June they...
