Inheritance Tax investigations: Executors liable for mistakes

Inheritance Tax investigations: Executors liable for mistakes

HM Revenue and Customs (HMRC) opened a staggering 5,537 Inheritance Tax investigations in the 2018-2019 tax year, which is a 3.4% increase in comparison to the previous 2017-2018 tax year. To put this number into perspective, this equates to nearly a quarter (23%) of...
Probate fees from July 2019

Probate fees from July 2019

On 22 July 2019, HM Courts & Tribunals Service released revised probate fees including costs for applications and additional copies of the Grant of Representation. Although the cost of the application has not changed, any additional copies will now be charged at...
PPI deadline passes: Are estates now at risk?

PPI deadline passes: Are estates now at risk?

The deadline has now passed for individuals, including Executors and Administrators of estates, to reclaim Payment Protection Insurance (PPI). In order to claim money back for PPI, complaints needed to be submitted to the providers or Financial Ombudsman Service by...
Report highlights changes that could simplify Inheritance Tax

Report highlights changes that could simplify Inheritance Tax

The Office of Tax Simplification (OTS) has published its second report on Inheritance Tax. The report comes after the Chancellor requested a review of administrative and technical aspects of the tax back in January 2018. The first report was released in November 2018...
Severe Delays Continue for Probate Applications: Update

Severe Delays Continue for Probate Applications: Update

Back in May 2019, we wrote about how probate registries in England and Wales were suffering from processing delays on Grant of Probate and Grant of Letter of Administration applications. We’re now a couple of months down the line and the backlog continues. Therefore,...