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Wealth, Health and Inheritance Briefing

Spring 2023 edition

Welcome to the Spring 2023 edition of the Wealth, Health and Inheritance briefing.

It has been a long, difficult winter for many people, and I am sure that we are all glad to see the beginning of Spring.

In this edition we look at inheritance tax planning in uncertain times and how to reduce the charge to inheritance tax on your client’s estate without affecting their current financial position. We also show how your clients can save hefty offshore trust administration fees by repatriating previously exported trusts to the UK and look at the consequences of bringing a trust home.

Many of your clients will own homes in other jurisdictions. They may have made provision by Will for what happens to that property on their death but have they considered what would happen if they became incapable while owning the property? Read our article to see what they should be doing.

Finally, we report on the recent capital gains tax changes on divorce which will be welcomed by couples whose marriage has come to an end. For couples whose marriage has broken down irreparably, our Parting Ways tool provides an overview of what they need to consider from a legal perspective.

Our next issue will be in the summer but please feel free to get in touch with any feedback in the interim.

Anthony Fairweather

In this edition

What happens to a holiday home when the property owner becomes incapacitated?

When your clients bought their holiday home abroad they may have given some thought to what happens to the property on their death. They may not, however, have considered the situation should the property owner become incapacitated in later life… Read more

Could your clients benefit by migrating their offshore trusts to the UK?

Before the introduction of anti-avoidance legislation in the early 1990s, there could be significant benefits in setting up an offshore trust, or taking an existing UK trust offshore, not least being the ability to realise assets without payment of UK capital gains tax (CGT) which was levied at a top rate of 40% at the time… Read more

Inheritance tax planning in uncertain times

In this article we look at how to carry out inheritance tax (IHT) planning in a way that is timely and does not lead to an unwelcome amount of immediate financial detriment… Read more

Changes to Capital Gains Tax treatment upon divorce

From 6 April 2023 the rules surrounding Capital Gains Tax (CGT) treatment upon divorce are changing. It is important to understand how these changes may affect your client’s financial settlement on divorce or dissolution of a civil partnerships… Read more

Parting Ways – our relationship breakdown tool

Our Parting Ways tool is a great first step in guiding clients through the legalities of a relationship breakdown. If the marriage, civil partnership or co-habiting relationship has broken down irreparably, our free easy-to-use tool provides an overview of what they need to consider from a legal perspective.


Your key contacts

Manjit Kaur


Manjit combines her accounting and tax background with recently gained legal experience to solve client’s problem with a different approach in order to achieve desired results.
View profile for Manjit Kaur >

Tom Chiffers


Tom is a Partner in Clarke Willmott’s Taunton Private Capital team, specialising in inheritance tax and succession planning for private individuals, farmers and other business owners.
View profile for Tom Chiffers >

More on this topic

Wills, trusts, probates and estates

Foreign Wills’ revocation clauses

In this article, we give an update on a High Court case we have previously covered concerning the Will of the late Harter Singh Sangha.
Read more on Foreign Wills’ revocation clauses

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