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…….
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.
From a private client perspective, the headline news was the 2% reduction in the rate of employees' National Insurance, and smaller 1% reduction for the self-employed.
