On Friday, (8 September) the UK government published its 2017 Finance Bill which contains a range of measures that will have an impact on both savers and investors.
Murray Beith Murray is a leading Scottish private client law firm.
For over 170 years we have specialised in meeting the legal, financial and administrative needs of individuals and families, family trusts, charities and private companies.
On Friday, (8 September) the UK government published its 2017 Finance Bill which contains a range of measures that will have an impact on both savers and investors.
Only around half of UK adults have made a will, according to charity campaign Will Aid.
Solicitors welcome individuals who require mirror wills with their partner. As the name suggests, terms of mirror wills are identical but in reverse. Such wills usually make provision for everything to pass to the surviving partner. On the second death, the entire estate tends to pass to a third party, commonly their children.
The Financial Times recently reported that the annual amount of inheritance tax (IHT) collected by HMRC has risen above £5 billion for the first time. This surprising news shows how important it is for people to take professional advice when drawing up their estate plans to ensure they reduce their IHT liability as much as possible.
Land & Buildings Transaction Tax (Additional Amount – Second Homes Main Residence Relief (Scotland) Order 2017