Inheritance Tax proposals and the impact upon “Bank of Mum and Dad” and first time buyers
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Earlier this month an All Party Parliamentary Group (APPG) encouraged the Government to consider making significant reforms to Inheritance Tax in order to reduce the burden for increasing numbers of middle class families being dragged into the Inheritance Tax paying threshold. The proposals suggested that the current 40% should be reduced to a flat rate […]
How to choose your divorce lawyer
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Although statistics tell us that almost half of marriages end in divorce, the knowledge that thousands of other couples are going through the same thing is little consolation when your own marriage is breaking down. For most people, divorce is unknown and often frightening territory. Important decisions in relation to arrangements for children or finances […]
How to share Christmas
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Whilst there will always be those who complain about the commercialisation of Christmas, no one can doubt that it remains a time of magic and excitement for children of all ages. As parents, we do all we can to ensure that our children have a wonderful time and that the magic is protected for as […]
Buss Murton re-accredited to the Law Society’s Conveyancing Quality Scheme
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We are pleased to announce that we have once again secured The Law Society’s Conveyancing Quality Scheme (CQS) accreditation. This is a recognised quality mark for legal experts in buying or selling property, trusted by some of the UK’s biggest mortgage lenders. Membership of the scheme is only achieved after being vetted to ensure that […]
Final Call for Help to Buy ISAs
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Unless the Government choose to extend the deadline, the Help to Buy ISA is due to be scrapped on the 30th November 2019, meaning time is running out for first-time buyers wishing to take advantage of a product that offers tax-efficient savings as well as generous top-ups from the Government. If you have between £1 […]
What to do when a person dies
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It is not always obvious that there are procedures to follow. The first is where did the death occur? The most likely locations are at home, in a hospice, in a nursing home or in hospital. If at home and the death is sudden or unexpected, call the Police. If not unexpected or if it […]
Government scraps planned increase in probate fees
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The Government has abandoned plans for a new ‘death tax’ following months of widespread public opposition. The changes which were due to take effect last April, were delayed due to Parliament’s all-consuming Brexit talks and have now been postponed indefinitely. Instead probate fees and charges in relation to the running of the family and civil […]
“I do”…until I don’t!
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Despite pre-nuptial agreements still not technically being binding in English law, their popularity continues to rise, which is in part due to today’s fascination with everything “celebrity”, but are they for the rest of us? The answer is yes – sometimes! Couples for whom they may be helpful, include professional couples without children who choose […]
Falling house prices and lnheritance Tax
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There can be a risk that by reason of the time delay between valuing land and buildings for the purposes of lnheritance Tax and the sale of the same, the value may fall. lnheritance Tax is paid on the date of death value and, in some cases, at least some of that is to be […]
HMRC investigates well over 20% of all taxable estates
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A freedom of information request by Discretionary Fund Managers Quilters show that the Revenue opened more than 5,000 Inheritance Tax investigations in a year, a figure representing well over 20% of the 22,000 estates that are liable to lnheritance Tax in that year. Whilst it is more often than not the case that persons named […]