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Another EU member state in trouble over tax… and the UK may not be far behind

6 December 2011 | Iain Donaldson

There have been a couple of interesting developments concerning two blogs I posted a few weeks ago, concerning plans for the integration of UK income tax and national insurance, and possible EU legal action...

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Spain referred to ECJ for discriminatory inheritance tax laws

15 November 2011 | Iain Donaldson | 1 comment

In a move that will be of interest to people who have assets or property in Spain, the European Commission has referred Spain to the European Court of Justice because its inheritance and gift tax provisions...

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It’s politics, stupid.

8 September 2011 | Shimon Shaw

The news is full of tax talk.  This is partly because a group of economists, including two former members of the Bank of England's policy committee, DeAnne Julius and Sushil Wadhwani, signed a joint...

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Consultation on charitable giving in wills

22 June 2011 | Shimon Shaw

For deaths on or after 6 April 2012, estates that include charitable legacies of at least 10% of the net estate will benefit from a 36% inheritance tax (IHT) rate. The key points are as follows:  The...

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EU consultation on cross-border IHT extended

28 September 2010 | Iain Donaldson

Back in early July, I wrote about the European Commission’s consultation on possible approaches to tackling cross-border inheritance tax obstacles within the EU. This consultation, which was due...

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Cost of probate may drop following HMRC review

16 September 2010 | Iain Donaldson

Personal representatives may soon be excused from submitting an IHT400 form where the estate's assets pass free of inheritance tax (IHT) under the transferable nil rate band rule.  This lengthy form...

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Sister Act

13 August 2010 | Shimon Shaw

The case of Charles and others v Fraser highlights how the courts will often look behind a will to determine the intentions of the deceased. Two sisters had each made a will in 1991.  They had made...

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It’s never too late….(or where there’s a will, there’s relatives)

6 August 2010 | Shimon Shaw

The case of Ashcroft v Barnsdale is an object lesson in how it can sometimes be worth crying over spilt milk. The case involved a deed of variation, which changed the terms of a will.  By way of background,...

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Death and taxes

21 July 2010 | Iain Donaldson

Sorry for the cliched title, but I wanted to talk about things that are inevitable facts of life.  Death, taxes, old age, buttered side down toast dropping seem to top the list of the most worrisome. Something...

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A Business Relief from Inheritance Tax

19 July 2010 | James Odds

Nobody likes inheritance tax.  It is a tax on wealth which has already been taxed in the lifetime of the deceased, and reduces the amount which can be left to the next generation.  This blog examines...

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