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Opinions and insights from our private client team

 

Probate fees - a planning conundrum!

Fiona Yorath
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There has been a good deal of animated coverage in the press in recent weeks over the proposed probate fees increase.  The fee payable to the Probate Registry on application for the Grant to administer the deceased’s estate is currently set at...

Changes to the Annual Tax on Enveloped Dwellings

Ben Taylor
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Back in July 2016, I wrote about ATED and Mixed Partnerships , highlighting that the threshold on the charge to tax reduced from 1 April 2016. As a reminder, the Annual Tax on Enveloped Dwellings targets interests in high-value residential property held by...

Lasting Powers of Attorney reduction in registration fees

Ben Taylor
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From 1 April 2017, the fee for registration of Lasting Powers of Attorney (LPA) and Enduring Powers of Attorney (EPA) was reduced from £110 to £82. Before an LPA can be used by the attorneys, it needs to be registered with the...

An alternative to trusts?

Robert Webb
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When it comes to tax planning there can often be a temptation to keep up with the Jones’ and enter into the latest new tax planning schemes.  In some cases this may be a sensible move, but in others there is a distinct possibility that you may...

To RNRB or not to RNRB, that is the question.

Ben Taylor
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Back in August, Elizabeth Young wrote about the introduction of the new Residence Nil Rate Band (available here ) and noted some of the limitations, particularly for those who don’t have children and where the estate is worth more than £2m. ...

It's ok , Geoff'll sort it out...

Robert Webb
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As anyone involved in the agricultural sector knows, significant problems can very quickly arise through absence from the ‘hands-on’ business. Thankfully, such absences are usually short-term and although there is a noticeable effect in terms of...

The new Residence Nil Rate Band

Elizabeth Young
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Politics As we anticipate the publication of further detailed rules relating to the new Residence Nil Rate Band (RNRB) it is time to consider how to secure the Conservative Party’s long promised million pound exemption from Inheritance Tax (IHT). It...

Stamp Duty Land Tax and Partnerships

Ben Taylor
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The SDLT legislation applicable to partnerships (which includes partnerships under the Partnership Act 1890 and Limited Liability Partnerships under the 2000 Act) is, in my opinion, the most complex area of the entire SDLT regime. The effect of these...

The Annual Tax on Enveloped Dwellings and Mixed Partnerships

Ben Taylor
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Many of our clients have residential property held within a business structure for one reason or another. Mixed partnerships (i.e. partnerships of individuals and companies) are popular, particularly within the farming industry. Although ATED was brought in...