In the event an individual dies in England and Wales without a Will or their Will only disposes of part of their assets then their residuary estate (or the undisposed part of) will fall under the Rules of Intestacy. The current Rules of Intestacy came into force on 1st October 2014 and under these Rules, […]
Inheritance Tax or ‘the dreaded tax’ as it’s sometimes known continues to rise, with HMRC receiving £5.4 billion in 2018/19, compared to £5.2 billion the previous year. A review of inheritance tax by the Office of Tax Simplification (OTS), requested by Chancellor Philip Hammond, has suggested several changes to make Inheritance Tax on gifts to […]
