Autumn Statement 2024 – tax policy announcements
31 October 2024
The key changes in the Autumn Statement are listed below.
News & Insights
Filter: Personal
Thinking digital- the importance of planning for your online estate
18 November 2020
There has been significant press coverage recently surrounding the developing area of digital assets and the…
VIDEO: Signing and witnessing wills remotely by video link
30 July 2020
"The Wills Act 1837 has obviously been good law for some time. It's worth noting it survived the Spanish Flu…
Update: Signing wills by video link
29 July 2020
The government will shortly put in place legislation for signing wills by video link. This will be backdated to…
A plea from a probate practitioner…
22 May 2020
Why make a will?
This question is often asked and the same answers given, to name a few:
- Reduce Inheritance…
Solicitors for the Elderly member Alison Morris urges residents to check eligibility for LPA refund
1 March 2019
Alison Morris of Wilsons Solicitors LLP in Salisbury is urging people to check their eligibility for a lasting…
Wills and farm partnership agreements – can you afford not to have them?
21 September 2018
The recent case of Wild v Wild & Others once again highlights the need for farming families to accurately…
Now 18,700 £1m+ earners in the UK with 36% concentrated in London
19 August 2018
The number of individuals earning over £1m that are in the UK has risen to 18,700 in the last year*, up from…
Understanding inheritance tax bill rules (Times 17 August 2018)
17 August 2018
Alison Morris has been featured in The Times commenting on the complexity of following inheritance tax rules…
Sharp fall in number of non-domiciled a worrying sign – average tax paid per non-dom now over £100k
26 July 2018
Commenting on today’s HMRC statistics on non-domiciled taxpayers, which showed a 23% fall in non-doms paying…
The dangers of diy wills - what you need to know
15 July 2018
98,500 people chose to execute the wills of their deceased relatives via a ‘Do-It-Yourself probate’ last year,…
SFE publish white paper report on the incapacity crisis
11 July 2018
Solicitors For The Elderly (SFE) have released a survey "The incapacity crisis – a nation unprepared" to…
Is it time to reform inheritance tax? (FT 27 April 2018)
27 April 2018
Alison Morris has been featured in The Financial Times commenting on inheritance tax.
Alison comments:…
The big inheritance tax perk you can easily miss (Times 17 April 2018)
17 April 2018
Alison Morris has been featured in The Times commenting on inheritance tax.
Alison comments: "The revenue…
Growth of IHT hits record high (Today’s Wills and Probate 27 March 2018)
27 March 2018
Torsten White has been featured on Today's Wills & Probate online commenting on inheritance tax.
Torsten…
Inheritance tax payments hit new record high (Money Observer 27 March 2018)
27 March 2018
Torsten White has been featured in the Money Observer commenting on inheritance tax.
Torsten comments:…
The requirement to correct
7 February 2018
Legislation was introduced in the Finance (No.2) Act 2017 requiring those with undeclared offshore tax…
Beneficiaries hit by £111m IHT bill for ‘gifts gone wrong’
25 January 2018
Beneficiaries were hit by an extra £111m in Inheritance Tax bills last year, after HMRC picked on technical…
Record IHT tax take breaks £5bn barrier for the first time
21 June 2017
A record-breaking £5.1bn has been collected by HMRC through Inheritance Tax (IHT) receipts in the last year*,…
Over 12,000 legal challenges to wills in the last year alone
20 February 2017
Legal action was taken to prevent a total of 12,287 wills from being enacted in 2016 – most often by…
Number of individuals worth over £1m more than doubles since 2001
7 October 2016
The number of individuals in the UK with assets worth over £1m has more than doubled since 2001, says Wilsons.
HMRC inheritance tax take hits £4.7bn all-time high as ‘Middle England’ bears brunt
15 August 2016
HMRC’s income from Inheritance Tax has hit a record £4.7bn in the last year* as more and more ‘Middle England’…
Office of the Public Guardian issues practice note on approach to family care payments
6 June 2016
On 18 May 2016, the Office of the Public Guardian (OPG) published a practice note on their approach on family…
The Residential Nil Rate Band
24 May 2016
Under the current Inheritance Tax regime, on death the first £325,000 of each individual's net estate is taxed…
HMRC Inheritance Tax take jumps 21% to a record-high £4.6 billion in a single year
23 March 2016
Inheritance tax (IHT) receipts taken by HM Revenue and Customs (HMRC) jumped to a record-high £4.6 billion in…
