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There are three main occasions when IHT may be charged on relevant property trusts; The entry charge levied when an individual settles assets in a trust. Tax is charged at a rate of 20% on the [...]

Every firm must have appointed a Compliance Officer for Finance and Administration (COFA). The COFA has two key responsibilities: to ensure compliance with the SRA's Accounts Rules (SAR); and to [...]

The problem is well known – most people wish to pass on an inheritance to their families and many children ‘expect’ to receive the proceeds of their parents’ home on the second death. These [...]

For the exercise of a power by trustees (or other donees) to be valid, what is required is not an intention to exercise the specific power, but rather an intention to achieve the desired outcome