Supreme Court ruling – Ilott v The Blue Cross & Others explained

15th March 2017

In July 2015 we reported that the Court of Appeal had increased the amount awarded from the estate of a deceased mother in favour of her disinherited estranged daughter. The Supreme Court has now reversed that decision, reverting to the original County Court award. Mrs Ilott was originally successfully awarded …

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Supreme Court ruling – Ilott v The Blue Cross & Others explained

Making a gift of your home

13th April 2016

There are many reasons why people wish to give away their home to another person.  It is crucial that the benefits, risks and foreseeable consequences of making the gift are fully understood so that the donor can decide to make the appropriate decision.  It may be that there are more …

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Making a gift of your home
Private Client | , , | Posted by: Carolle Harris

Business Property Relief (BPR)

29th January 2016

What is BPR? BPR is a relief from inheritance tax (IHT). The primary purpose of BPR is to prevent the break up of businesses upon death due to the IHT charge which would ordinarily apply if the relief was not available. This allows family businesses to pass down through generations …

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Business Property Relief (BPR)

‘Tis the Season … (for some Inheritance Tax advice)

18th December 2015

Struggling for gift ideas? Can’t remember if your niece likes Frozen or Inside Out? Will your uncle use a Kindle? Do your grandchildren have the new Star Wars BB-8? To make life easier for you, here are some gifting ideas from us at Sherrards (and some associated tax advice): Don’t …

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‘Tis the Season … (for some Inheritance Tax advice)

Digital Assets

28th October 2015

Generation Z and, to some extent, the Millennials have grown up in a digital age. They take most of their news from online sources as well as store much more of their own information online. As more of our lives take place online, questions about death inevitably crop up. What …

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Digital Assets

Inheritance tax and the additional nil-rate band

10th September 2015

The “nil-rate band” (the amount of your estate which is not subject to Inheritance Tax upon death) is due to remain as it is, at £325,000, for the next six years. However, the Government recently introduced the “additional nil-rate band” which is due to come in to force in 2017. …

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Inheritance tax and the additional nil-rate band