Since the introduction of Inheritance Tax, we’ve all known that estates valued above certain thresholds would be subject to a 40% tax charge. Well, this could be about to change…….
Peter Ball, Tax Partner, recently spoke with IFA Magazine about the practical impact of upcoming inheritance tax changes on privately owned businesses.
It’s a common misconception that people who live together will benefit from the same tax treatment as those who are married or in a Civil Partnership, so-called common law partners.
The Government has published its draft 2023/24 Finance Bill, following the Autumn Statement on 22 November 2023, and includes making full expensing permanent.
Bishop Fleming has demonstrated its commitment to growing a dedicated team of trust experts with two senior promotions within the Trusts, Estates and Probate Team. Read more here.