Gain crucial insights and expert strategies to effectively address tax avoidance, evasion, and non-compliance. Enhance your practice with guidance on managing compliance, minimizing tax liabilities, identifying risk areas, and implementing preventive measures. Ensure your clients adhere to regulatory frameworks, maintaining rigorous compliance to mitigate severe penalties and legal consequences.
The Society of Trust and Estate Practitioners (STEP) has announced that HMRC has published inheritance tax (IHT) liabilities statistics, showing...
This week’s edition of Private Client highlights includes: (1) Patricia (by Her Accredited Legal Representative) v Cygnet Healthcare Ltd in which the...
The Prime Minister's Office has announced that the Prime Minister has set out a new approach to reforming adult social care in England, including...
This Q&A considers whether an executor can claim legal professional privilege in court proceedings and the circumstances in which that privilege may...
Nature and classification of trusts—the three certaintiesCertaintyIn order for a settlor to create a private express trust the three certainties must...
ProtectorsWhat is a protector?A protector is a person who holds powers under a trust but who is not a trustee. A protector is a person who is...
Preparing the application form PA1P/PA1A for probate or letters of administrationFORTHCOMING CHANGE: The postal application forms PA1P and PA1A for...
Administration actions—personal representatives and the deceased's liabilitiesAn individual may assume obligations, for example in respect of...
If a rentcharge is shown as being informally exonerated on title information, does this apply to the current registered owner? Or does the informal exoneration only apply to the parties to the document which informally exonerated the rentcharge?This Q&A considers the situation where, at some point
Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid
If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal fees, will that count as a PET against their estate?A disclaimer is the refusal of a gift prior to acceptance. The refusal of the gift must take place before the beneficiary accepts any benefit
Strike out—making an application to strike out a statement of caseA strike out order can be made either following an application by the parties or on the court's own initiative. This Practice Note deals with the scenario of the order being made following a party's application.Making an application
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