The new Inheritance Tax Residence Nil Rate Band

23 July 2015

The Summer Budget Finance Bill (the Finance (No. 2) Bill 2015) has now been published and it contains the draft legislation to implement the new Inheritance Tax (IHT) Residence Nil Rate Band (RNRB). So let’s take a look at the detail of what’s involved. The RNRB can only apply in full if a person’s estate […]

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Budget bonus: Briefing notes on changes to non-dom taxation and additional IHT nil rate band

13 July 2015

Below you will find links to some client friendly notes on the proposed non-dom taxation changes and the introduction of the new additional Main Residence nil rate band for Inheritance Tax, all announced in last Wednesday’s Summer Budget. No doubt these significant proposals will be the subject of future blogs, so watch this space! […]

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9 July 2015

Most English trusts these days specify a ‘Trust Period’ of no more than 125 years. In practice, this means that someone must have a vested interest in the trust assets (whether that’s vested in possession (i.e. an immediate right to ‘current enjoyment’) or vested in interest (an immediate right to ‘future enjoyment’)) within 125 years. […]

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