A number of leading charity bodies have voiced concerns that controversial plans to introduce a new, banded system of probate fees – which were shelved ahead of the General Election – could be ‘resurrected’ in coming weeks.
Britons saving record amount of IHT through charitable donations in Wills
New research suggests that Britons are saving a record amount of Inheritance Tax (IHT) by leaving money to charitable causes in their Wills.
Group urges changes to encourage more people to leave gifts to charities
An organisation has written to the UK’s political leaders arguing that people should be offered a financial incentive to leave legacies to good causes.
Inheritance Tax receipts forecast to hit new record highs, OBR warns
The Office for Budget Responsibility (OBR) has warned that the Treasury is on track to reel in a record-breaking £5bn in Inheritance Tax (IHT) this year – a figure which is expected to exceed more than £6.2bn within the next five years.
Court cost of registering LPAs has been reduced
The Court cost of registering a new Lasting Power of Attorney (LPA) has been reduced from £110 to just £82 in recent weeks.