The importance of the right advice when it comes to vulnerable relatives When it comes to protecting vulnerable individuals it is important that people obtain the right advice. There are a range of options, with tax and inheritance implications where the right guidance can ensure vulnerable individuals are both protected...
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Tag Archives: inheritance tax advice
Changes to Inheritance Tax – Does your Will need to be updated?
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Changes to Inheritance Tax – Does your Will need to be updated? On 6 April 2017, the residential nil-rate band (RNRB) came into force. This new tax allowance could potentially enable couples who own their home to pass up to £1 million to their direct family, free of Inheritance Tax...
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Proposal to dramatically increase Probate fees
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Proposal to dramatically increase Probate fees With all the news surrounding Brexit you may have not read that the Government is proposing a new tiered system of Probate fees in England and Wales, based on the value of the deceased’s estate, rather than the current flat fee of £215. Presently...
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How to Avoid Inheritance Tax
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It’s estimated the government’s decision to freeze the Inheritance Tax threshold for another 6 years means that a million more families will be caught by the tax. Currently the Inheritance Tax threshold is £325,000 for individuals and up to £650,000 for married couples or civil partners. HOW DOES INHERITANCE TAX...
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