News & Insights

Plans to review Capital Gains Tax (CGT) have raised speculation that headline rates may be increased later this year.

There could be a silver lining in the stock market crash for individuals who want to transfer assets to their dependents.

The increase in the value of estates being inherited over the last five years is entirely due to property price inflation.

Joint bank accounts may be a flexible and practical solution for the management of money on a day to day basis.

The First Tier Tax Tribunal case of Rogge and Others v HMRC concerned three appeals against assessments to income tax by HMRC, relating specifically to the income tax implications for settlors and trustees of settlor-interested trusts where the settlor pays income to the trust (for example, by way of rent or loan interest).

The spouse exemption is arguably the most important inheritance tax (IHT) relief, as it ensures that no IHT is payable on any gift made between husbands and wives or civil partners during their lifetime or on death.

The US introduced a number of measures in the Foreign Account Tax Compliance Act, commonly known as ‘FATCA’, to tackle the use of offshore accounts by US taxpayers to evade US tax.

The UK and US governments have reached an agreement to implement a US law, the Foreign Account Tax Compliance Act (FATCA), in the UK.

A document that is referred to in a will may become part of the will and be admitted to probate together with the will.