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Inheritance Tax and Your Home; The New Residence Nil-Rate Band

Did you know that according to figures from HMRC in 2014/15 there were 5,600 estates in the South East which were required to pay Inheritance Tax? The value of the Inheritance Tax payable by these estates totalled a massive £1032 million. However, the Government did review Inheritance
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Have you considered tax planning?

Tax Planning
As we come to the end of another year and you have some time to sit and contemplate, now is a good time to think about your tax planning and perhaps arrange an appointment for January to get this in place. Here are some important questions to consider in your tax planning: Do you have
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Ways to cut your Inheritance Tax bill

Coins and pens on desk
Are you concerned about your estate having a high Inheritance Tax bill after you die? There’s a reason why it’s known in the industry as the ‘voluntary tax’; there’s many different ways you can reduce your threshold without being unlawful and save some mo
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Your Legal New Year Resolutions

  First things first: Happy New Year from Flackwoods Solicitors! We hope you had a wonderful festive break and are settling into 2016 well. Now that we are well and truly into the new year, we’ve no doubt that many of you are looking at resolutions for the year ahead. One of the
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Inheritance tax: All you need to know

Inheritance tax calculator
Earlier this year, changes to inheritance tax were announced in the 2015 Budget that, in theory, could leave thousands of UK residents’ estate better off. The budget changes meant that a new ‘main residence nil rate band’ could be added to the inheritance tax ‘
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