The amount of inheritance tax (IHT) paid on gifts has seen a 153% increase since 2011, lawyers are warning people to address their financial planning to avoid being caught out.
Written by
Paul Davies
Read more on Don’t leave it too late: IHT on gifts skyrocket
Economic Crime (Transparency and Enforcement) Act 2022
News
We advised you in June that the Economic Crime (Transparency and Enforcement) Act 2022 (the Act) will affect property transactions entered into with overseas entities from its commencement.
Read more on Economic Crime (Transparency and Enforcement) Act 2022
Financial planning, investments, inheritance tax and Trusts
Court of Protection
Legal Services
If you are appointed as a Court of Protection Deputy for property and financial affairs you will be responsible for managing someone’s finances. This means that you must keep their finances under regular review, even if there are arrangements or relationships which were put in place before your appointment. You cannot simply do nothing. Inherited arrangements or relationships may no longer be in the best interests of the individual now, and as Deputy you may need to make changes to bring those arrangements up to date.
Read more on Financial planning, investments, inheritance tax and Trusts
First Homes are a form of discounted market sale housing and, as such, are a form of Affordable Housing which is sold directly from a developer to the end user without involvement from a social housing provider.
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