Telephone: 07786 626979 

The Stealth Tax that no one is talking about

The Stealth Tax that no one is talking about

Bereaved families may soon face very substantial increases in court fees when they apply for a grant of probate. (The grant is a court document which enables them to gather in and administer the estate of the deceased relative). Currently, there is a flat fee of £215 on an application to the Probate Registry for a grant. A new tiered system was supposed to be introduced from 1 April 2019. It has been delayed due to the Parliamentary debates...

Read More

Changes to Inheritance Tax – the new Residential Nil Rate Band

Changes to Inheritance Tax – the new Residential Nil Rate Band

The New Residential Nil Rate Band for Inheritance Tax – a Quick Guide David Cameron pledged to raise the inheritance tax threshold to £1 million before the 2010 election. This promise will be delivered by the introduction of the residence nil-rate band (RNRB) which comes into effect in April 2017.  It is a complicated measure with a restricted scope. What is the RNRB? At present, every individual has a nil-rate band, (NRB) of £325,000 for...

Read More