With the Probate Registry tackling a backlog of applications, probate property sales are suffering as a result of delays. In addition families are experiencing issues with payment of Inheritance Tax (IHT). Applications are taking anywhere between 16 and 26 weeks
Whether your tax affairs are straight-forward or complex, tax advisers can act and liaise with HM Revenue & Customs (HMRC), on your behalf. Doing your homework, however, when it comes to choosing the right one for you, is imperative. In
On 1 January 2022, changes to Inheritance Tax (IHT) reporting requirements came into force via The Inheritance Tax (Delivery of Accounts) (Excepted Estates) (Amendment) Regulations 2021. The changes themselves are fairly technical in nature. To go into too much detail
Just weeks after the Chancellor’s Spring Budget, the Treasury will hold what is being dubbed ‘Tax Day’ on 23 March. A raft of consultations which relate to tax policy, but that do not impact upon Government finances, will be released
HM Courts and Tribunals Service (HMCTS) has revealed, to probate practitioners, that the volume of probate applications has fallen during lockdown. Normally, they would receive around 5,000-6,000 submissions a week. Since the lockdown was imposed, however, numbers have halved –
Rishi Sunak delivered his first 2020 Budget on Wednesday 11th March. This came only weeks after he took over the role of Chancellor from Sajid Javid. Raring and ready to ‘get things done’, Mr. Sunak promised a speech that would
In a push to modernise the legal system, the Government are closing the doors of probate sub-registries throughout the UK. Probate sub-registries closing down On 31 January alone, a total of 18 probate sub-registries closed down including Peterborough, Norwich and