VAT should be removed from the cost of writing a Will that includes a charitable legacy, according to a major new report. The report, issued by the Charity Tax Commission, states that making charitable Wills tax exempt would give solicitors a greater incentive to raise the questions of whether someone wants to leave a […]

  A QUARTER of all estates liable for Inheritance Tax (IHT) are now being probed by HM Revenue & Customs each year, an investigation has revealed. A Freedom of Information (FOI) request by wealth management firm Quilter has found that some 5,537 investigations were carried out in the last year by the authority. This represents […]

  CHEAP DIY Wills could potentially cost your loved ones a fortune when you die, according to a new investigation. Online Will services charging as little as £6.99 are at the centre of a Money Mail probe following a surge in families battling over inheritance in court. The investigation found what it called a “strong of […]

  DETAILS of suggested far-reaching changes to the rules surrounding Inheritance Tax (IHT) – often cited as the nation’s most unpopular tax – have been revealed this week and are already mired in controversy. Reducing the seven-year IHT tax gifting rule to five years is one of several changes being examined by The Office of […]

  LASTING Powers of Attorney (LPAs) are under-used and not having one can cause “stress and concern” to family members, according to financial advice group Chase de Vere. Although there has been a 6% increase in the number of people using LPAs between 2017 and 2018, the firm says far more people could benefit from […]