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The Good-Bye Budget The Good-Bye Budget Brown sees himself off with surprise cuts in income and company tax, higher threshold for inheritance tax and capital gains, penalty tax on high-fuel vehicles, 'zero-carbon' homes will be exempt stamp duty BBC Main points at a glance 22.03.07 BBC, LegalDay Blog, Budget 2007, Capital Gains Tax, Company Tax, Environment Law, Income Tax, Pensions, Stamp Duty Land Tax, UK Tax

Cohabitation and Inheritance Cohabitation and Inheritance Most people in cohabitation relationships do not understand their position when it comes to inheritance, imagine their rights are similar to those of married couples 07.03.07 BBC, Cohabitation, Family Law, Wills and Probate

IHT Is Punitive Death Tax IHT Is Punitive Death Tax Institute of Directors is calling on govt to abolish inheritance tax, says it is a 'death tax', punishes 'hardworking families', 1.5m homes now over threshold for IHT 21.02.07 Daily Mail, UK Tax

IHT Reporting Limit Raised IHT Reporting Limit Raised Revenue has agreed to increase in threshold for reporting gifts into trust, from £10k to £200k in one year or £250k over 10 years 19.02.07 Telegraph, UK Tax, Wills and Probate

Huge Rise in Death Tax Liability Huge Rise in Death Tax Liability Rapid rise in house values is dramatically increasing the number of families liable for inheritance tax, report from Scottish Widows estimates 41% of households will be liable, 10m in total 23.01.07 Daily Mail, UK Tax, Wills and Probate

Why Families Want Trusts Why Families Want Trusts Following reform of inheritance tax, research by HMRC shows that tax breaks are only secondary motivation in families wanting to set up trusts, protection of assets is primary 10.01.07 BBC, Wills and Probate

Treasury Plans to Close Off ASPs Treasury Plans to Close Off ASPs Treasury is having second thoughts on Alternatively Secured Pensions, introduced on A-Day, by-passes inheritance tax (IHT) and avoids need to buy annuity by 75 Financial Times Industry is lobbying for increase in ISA limits 01.11.06 Financial Times, Financial Services, Pensions, SIPP

Inheritance Tax Inheritance Tax Treasury has backed down on ending inheritance tax exemptions for trusts used to pass on property, lawyers had claimed hundreds of thousands of people would need to re-write wills 09.06.06 Daily Mail, Budget 2006, UK Tax, UK Tax Avoidance Schemes, Wills and Probate

Inheritance Tax Inheritance Tax Treasury has backed down on ending inheritance tax exemptions for trusts used to pass on property, lawyers had claimed hundreds of thousands of people would need to re-write wills 09.06.06 Daily Mail, Budget 2006, UK Tax, UK Tax Avoidance Schemes, Wills and Probate

Inheritance Tax Inheritance Tax Million families will need to spend £250 each to re-write wills for IHT, estimate from Chartered Institute of Taxation, Revenue expects to collect extra £15 a year 11.04.06 Telegraph, Budget 2006, UK Tax, Wills and Probate

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No Double IHT Allowance No Double IHT Allowance Court has ruled in favour of Revenue on discretionary trusts, case against Stephanie Phizackerley, housewife who does not work has no ownership in family home and cannot pass share into trust through her will, only working husband can claim tax-free inheritance tax allowance 19.04.07 Times, UK Tax, UK Tax Avoidance Schemes, Wills and Probate

Sisters Are Not a Couple Sisters Are Not a Couple Joyce and Sybil Burden have lived together in same house for 40 years, but will not be entitled to inheritance tax (IHT) exemptions enjoyed by married couples and civil partners 13.12.06 Daily Mail, UK Tax

Sisters Dispute Inheritance Tax Sisters Dispute Inheritance Tax Joyce and Sybil Burden are to challenge UK inheritance tax at the ECJ, sisters in their 80s have lived together since birth, but unlike married couples and civil partners they are each liable for inheritance tax on family home if the other dies 12.09.06 BBC, UK Tax








Legalday Related Pages

Budget 2006
Capital Gains Tax
Family Law
Financial Services
Income Tax
Property Law
UK Tax
UK Tax Avoidance Schemes
Wills and Probate


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