Have you ever considered the imprint your financial legacy will leave? The vast majority of us work tirelessly, often dreaming of the legacy we’ll pass on to our children or loved ones. The intricacies of inheritance tax, however, can cast a shadow over these aspirations. It’s a tax that doesn’t rest, scrutinising every asset, from … Continued
Private Client Services Insights
In summary, we are aware that the new IHT regime effective from 6th April 2025 will have an impact on married couples/civil partners where one has been UK tax resident for 10 or more UK tax years and the other has been a UK tax resident for a lesser period. The consequence is that gifts/transfers … Continued
Administering an estate is a significant legal responsibility that involves many legal, financial, and administrative tasks, especially if the estate is multi-jurisdictional with properties, shareholdings, and investments. An individual must appoint a personal representative (also known as an executor and trustee) under the terms of their Will to administer their estate on their death. Often, … Continued
We are really excited about holding a family, private client and employment law clinic on 21st February at our offices in Baker Street, Hampstead, Highgate and Crouch End. Join us between 4pm and 9pm for a cup of tea or something stronger and have a private 20 minute consultation free of charge with one of … Continued
Common uses of a Declaration of Trust A declaration of trust is not some special form of trust. In straightforward terms it’s just a technical legal term for the formal document setting up a trust. A declaration of trust is also referred to as a deed of trust. A trust can be created deliberately and … Continued
UK tax legislation changes constantly. A new tax year is always a good opportunity to ensure you are abreast of these changes, to review your personal affairs and to make adjustments if necessary. Additional inheritance tax free allowance From 6 April…
When you make your will there are a number of formal requirements that must be complied with to ensure its validity. A will must be in writing, signed by the testator and witnessed by two independent individuals. It may surprise people to learn that these…
Providing for children in your Will Most parents tell us that ideally they would like to leave their estate to be shared equally among their children. However, there are often circumstances when such a straightforward share may not be possible. For…
Different countries have widely differing rules on succession to the assets of deceased persons. The EU Succession Regulation (known as Brussels IV) has been introduced to harmonise rules within the majority of EU countries. When and where does it apply? …
The First-tier Tribunal (Tax Chamber) has allowed a claim for entrepreneurs’ relief by the former director of a company on the basis that he was an employee of that company after he resigned from it, but not a director or shadow director of it. The…
