In previous budgets and announcements, the government stated they would alter the way trusts were taxed. The recent summer budget of 2015 confirmed those changes in the presentation of new rules. The use of numerous nil rate band trusts with their own, individual nil rate band – currently £325,000 for...
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Monthly Archives: July 2015
Summer Budget 2015: Inheritance Tax Threshold to Rise
Posted in: News | , by AshtonGrace
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As part of the conservative party manifesto and in the run up to the elections earlier this year, the conservatives promised to increase the Inheritance Tax (IHT) threshold to £1 million for married couples and civil partners. The aim was to enable more individuals to pass on the family home...
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5 ways cohabiting couples can legally and financially protect themselves
Posted in: News | , by AshtonGrace
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Unmarried partners living together have little legal protection We let you know what you can do to protect yourself if your relationship breaks down and how you can put your financial affairs in order so you can provide your loved ones with financial security on your death There has been...
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