Murray Beith Murray LLP is a leading Scottish private client law firm.
For 175 years we have specialised in meeting the legal, financial and administrative needs of individuals and families, family trusts, charities and private companies.
Joint bank accounts are a popular option amongst couples and other groups of people who have a shared responsibility for paying bills, such as housemates. They can also be useful when someone is assisting an elderly relative in managing his or her finances.
Earlier this year, the Office of Tax Simplification (OTS) was charged by the Chancellor of the Exchequer to carry out a review of several different aspects of Inheritance Tax (IHT).
Giving a gift is a common occurrence that most of us carry out several times a year, such as giving birthday and Christmas presents to friends or family members. In the vast majority of cases these gifts will be given without any thought to possibility legalities and will be received with gratitude. However, there are some situations where the giving of a gift, particularly a large sum of money, can result in a dispute between the donor and receiver.
Few people like to pay tax on their income and assets, but unfortunately taxes are an inescapable part of life.
