TRUSTS AND ESTATES UPDATE

HM Revenue & Customs has published the April 2013 Trusts & Estates Newsletter. Topics included in the newsletter are:-

·         Changes to the 2012/13 trust and estate tax return

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Posted by Julie Whittaker on Fri, 10 May 2013

It is often the case in dealing with the administration of an estate that difficulties arise when a gift is made to a charity which has ceased to exist or which never seemed to have existed at all.

In an ideal world this difficulty would have been avoided when the will was drafted. 

The Charity Commission advises that the charity’s name should be checked and, if it is registered with the commission, that its number should b...

Posted by Julie Whittaker on Tue, 30 Apr 2013

Safeguarding your on-line legacy after you’ve gone

When we think of the sentimental legacies we will leave our children, no longer will it be boxes of family photographs, handwritten diaries or our much-loved record and CD collection. 

With over 21 million UK households now having inte...

Posted by Julie Whittaker on Fri, 12 Apr 2013

Stately owner in tax battle triumph

The Yorkshire Post recently reported that at a recent tax tribunal it was ruled that one of Sir Joshua Reynold’s portraits, which is exhibited at Castle Howard in Yorkshire, was just a piece of “plant and machinery” used to boost v...

Posted by Julie Whittaker on Fri, 22 Mar 2013

Demand for pre-paid fixed-price funerals booms as average costs soars to £3,284

The average cost of a funeral has risen to £3,284 – leading to a boom in demand for pre-paid fixed-price plans.

A record £2 billion is now invested in

Posted by Julie Whittaker on Tue, 19 Mar 2013