Forwards
We want to keep you updated on developments in both the legal world and at Wards. Recent articles are posted here and you can search by both date and service area. If you can't find what you're looking for, however, please contact Jane Sanger.
April 6th, 2012
What you need to know about Inheritance Tax changes from 06th April 2012
As of today’s budget changes, Inheritance Tax matters have largely stayed the same:
- There are no changes to the current Inheritance Tax threshold, known as the ‘nil rate band’ (NRB). The NRB is currently £325,000 and is now set to remain at this figure until 2014-15 tax year.
- Inheritance tax is payable at 40% on all assets above the NRB. Spouses and civil partners still benefit from the transferable NRB which means that on the death of the first spouse/partner the survivor can benefit from an increased NRB of up to £650,000.
April 4th, 2012
Legacy changes in April’s budget
It came as no surprise in the Budget that, as previously announced, for deaths on or after 6th April 2012 a lower rate of Inheritance Tax of 36% will apply where 10% or more of a person’s net estate is left to charity.
April 4th, 2012
Hospice raises thousands with help of solicitors
WESTON Hospicecare’s first Make Your Will Week event has been declared a resounding success, with more than £6,500 raised by some of Weston’s leading solicitors.
The week was supported by Berry Redmond and Robinson, John Hodge Solicitors, Powells with Chawner Grey and Wards who, between them, wrote wills for more than 70 people, free of charge, in exchange for donations to the hospice.
September 14th, 2011
Charitable Gifting on Death
In April 2011 George Osborne announced in the Budget Speech that the Government will introduce for deaths occurring from 6th April 2012 a reduced rate of Inheritance Tax of 36% where a person leaves 10% or more of their net assets to a charity or charities. George Osborne stated “do the right thing for Charity [...]