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Foreign Assets?

Since 17th August 2015 the EU Succession Regulations affect all individuals who have assets in the EU. Many European countries dictate how an individual must pass assets on death, as opposed to allowing them to choose their preferred beneficiaries through a Will....

SECTION 106 AGREEMENTS AND THE COUNTRYSIDE

1. Introduction 1. A Section 106 Agreement (in fact usually a Deed) is an agreement between (1) a relevant statutory authority (“PA”) and (2) a landowner (“L”) which on completion makes a development proposal (which would otherwise be turned down by the PA)...

Holiday Homes and Inheritance Tax

Currently every individual has an Inheritance Tax (IHT) allowance of £325,000. In April 2017 an additional Residential Nil Rate Band (RNRB) came into effect to give an additional £175,000 per person by the 2020/21 tax year.  The RNRB is only available on the net value...