2
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
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
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
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
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
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 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
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
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
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