Succession planning for agricultural estates has become more challenging due to provisions announced in the UK 2024 Budget. The key change is the capping of Agricultural and Business property relief. What is agricultural and business property relief? Agricultural and business property relief applies to qualifying assets eligible for 100% agricultural property relief and 100% business … Read more
The last thing you want to think about when you’re mourning the passing of a loved one is divvying up the estate (including the taxman’s cut). However, because of the rise in value of property in the UK, more people are finding that they fall into the inheritance tax bracket, and are getting hit with … Read more
By tax and inheritance specialist Carolyn Snellgrove with Gamlins Law When Chancellor George Osborne announced significant changes to inheritance tax (IHT) in last summer’s Budget speech, the move had been much anticipated. But rather than simply raising the tax-free threshold for everyone, he announced a new allowance specifically for those who own their home and … Read more
[vc_row][vc_column width=”1/1″][vc_column_text]Action towards a new living wage caught the headlines as Chancellor George Osborne delivered his first Budget statement under a Tory majority, alongside good news for families who want to pass on their property wealth to future generations. The Chancellor announced that economic growth forecasts would be held for 2015 and 2016, but … Read more
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