Latest IHT statistics

There was a good article by Merryn Somerset Webb in the weekend FT pointing out the advantages in making a will and the risks of intestacy; and also some interesting comments on digital assets and new tech-based services in the field of looking after those assets and dealing with what happens to them on death.  […]

IHT Spouse Exemption – Key Facts You Need to Know

When it comes to writing your Will and planning division of your estate, it’s important to have a good understanding of UK inheritance tax laws. Making the right financial decisions now will not only ensure financial security for your spouse, but will also future proof your assets for children and other dependants. In this post, […]

IHT Compliance Checks by H. M. Revenue and Customs

According to recent information released by HMRC more than 5,000 inheritance tax cases are opened for investigation each year representing about one quarter of estates that pay inheritance tax. Dealing with these compliance checks can be complicated and time consuming. At Probaters we have considerable experience in dealing with such investigations and if you are […]

Taper Relief and the 14 Year Rule

These are two topics which can cause great puzzlement to executors and administrators.  The recent Government report is worth quoting at length on both these topics. Taper relief is complicated and not well understood The tapered rate of Inheritance Tax on lifetime gifts is poorly understood.  The OTS has heard that advisers find it difficult […]