Wills, trusts & probate

Legal technicality 'renders man's will useless'

Mon, 01 Jun 2009 00:00:00 GMT

A minor legal technicality has left a man's family without a home or the inheritance he intended them to have, the Daily Telegraph has revealed. Mark Butler signed his will just two days before...

Poor inheritance tax planning 'loses Britons billions'

Mon, 11 May 2009 00:00:00 GMT

Britons are losing billions of pounds as a result of poor inheritance tax planning, according to new research from unbiased.co.uk. The amount of wasted payments has risen by a total of 16 per cent,...

Trust income tax changes

Wed, 29 Apr 2009 00:00:00 GMT

From 6 April 2010 the tax rate on dividend income will be increased from 32.5% to 42.5% and the tax rate on other income will be increased from 40% to 50%.

Both the...

Inheritance confusion 'can be minimised through getting advice'

Mon, 27 Apr 2009 00:00:00 GMT

People remain confused over inheritance tax as they perceive it as voluntary, says Alex Pegley, Director of Calculis. He believes they also refuse to take advice on the subject, which does not allow...

Tax relief restrictions enforced on high earners

Thu, 23 Apr 2009 00:00:00 GMT

Tax relief on the pensions of those earning in excess of Â£150,000 is to be restricted under plans unveiled by the Chancellor in the Budget. From April 2011, the amount of money...

Chancellor introduces new top rate of income tax

Wed, 22 Apr 2009 00:00:00 GMT

A new top rate of income tax has been introduced by Chancellor Alistair Darling in his latest Budget, it has been revealed. It will mean that those who earn in excess of Â£150,000 will be...

Chancellor increases ISA limit

Wed, 22 Apr 2009 00:00:00 GMT

ISA limits have been raised under plans revealed by Chancellor Alistair Darling in the Budget. Currently at Â£7,200, the upper limit will be raised to Â£10,200, affecting an...

Inheritance tax confusion 'costs people thousands'

Wed, 22 Apr 2009 00:00:00 GMT

Confusion over inheritance tax (IHT) is costing Britons thousands of pounds, new research from Norwich Union suggests. The findings show that 21 per cent of those liable for IHT are unaware they will...

New inheritance tax guidance for Bradford & Bingley shares

Mon, 20 Apr 2009 00:00:00 GMT

Guidance on how inheritance tax relief will be calculated for those with Bradford & Bingley shares has been published by HM Revenue and Customs (HMRC).

The building society...

New income tax loss relief rules

Mon, 20 Apr 2009 00:00:00 GMT

Claims can no longer be made for income tax loss relief on offshore life insurance policies from 2009-10 onwards in changes introduced in a new finance bill on April 6th...