New figures show that disputes relating to wills and estates remain at historically high levels. During 2025, the England and Wales High Court heard 126 contested probate cases, matching the elevated levels recorded in the previous year. Data obtained by law firm Irwin Mitchell also revealed that probate caveat applications reached 11,328 in 2025, representing...
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Trustees selling property should be aware of an important compliance step: trust property disposal reporting cannot be completed unless the trust is first registered with HMRC. This requirement applies where a trust disposes of UK property and needs to report capital gains within the relevant deadlines. Failing to register the trust in advance can lead...
Changes to inheritance tax relief announced in the October 2024 Budget are causing concern among farming groups. From April, agricultural property relief and business property relief will be capped at £1m per estate, with assets above that level subject to a 20% effective IHT rate. Although the Government has since increased the combined relief threshold...
Growing numbers of families are turning to trusts as part of inheritance tax planning ahead of expected reforms. HMRC data shows that 121,000 trusts were registered in the 2024/25 tax year, up from 115,000 the year before. With the inheritance tax nil-rate band remaining frozen at £325,000 since 2009, advisers report increased interest in alternative...
Financial advisers expect an increase in marriages among older couples ahead of planned inheritance tax changes. From April 2027, pensions will be included within inheritance tax calculations, potentially increasing the tax burden on families. Married couples and civil partners can combine allowances, allowing significant sums to be passed on tax-free, including additional relief linked to...
The HMRC trust registration deadline is a critical compliance requirement for trustees across the UK. Recently, HMRC has confirmed that it will not extend the end-of-year deadline for trust registration, despite growing concerns from advisers and trustees. However, there is some reassurance: HMRC has stated that it will consider ‘reasonable excuses’ where deadlines are missed...
A daughter who was left just £250 in her father’s Will has successfully challenged it in court, securing a share of his £600,000 estate. Laxmikant Patel, 85, died in October 2021, leaving his home entirely to his eldest daughter, Anju, while giving his younger daughter, Bhavenetta, and his son, Piyush, only £250 each. Anju claimed...
Why family estate planning matters When it comes to protecting your wealth and ensuring your loved ones are looked after, family estate planning is essential. Whether through wills, trusts, or a combination of both, it provides peace of mind that your assets will be distributed according to your wishes while minimising complications for your family....
Inheritance tax 2025 remains a significant concern for many families in the UK. It is a tax on the estate (property, money, and possessions) of someone who has passed away. As property values continue to rise, more estates are being caught in the inheritance tax net. Knowing the rules and exemptions can help families plan...
HMRC is writing to taxpayers who ceased to be UK-resident for a short period of time, urging them to ensure they have declared all of their income and gains on their return to the UK. Special rules apply to prevent individuals avoiding UK tax by leaving the UK for a period of five years or...
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