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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.

Call us today on 0131 225 1200
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HMRC changes Inheritance Tax processes during lockdown

andrew

HMRC has made temporary changes to its Inheritance Tax (IHT) processes to minimise delays to its service during the COVID-19 outbreak. The emergency measures have been implemented to ensure the department’s service can continue as smoothly as possible while the Government’s restrictions remain in place.

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Scottish Courts move enables grieving families to proceed with estate administration

andrew

It is understandable that the current lockdown is having a significant impact on courts in Scotland and challenging for the Scottish Courts and Tribunals Service (SCTS) to prioritise essential court proceedings. 

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Executries - making sure that you get the estate valuation right

andrew

For many people, the most valuable asset in their estate on death is their residential property. The value of the property, particularly in cities like Edinburgh, can mean that otherwise small estates become subject to Inheritance Tax. It is important to report an accurate value of the property to HMRC for Inheritance Tax purposes, with fluctuations in the market making this quite challenging for non-professionals.

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Dealing with Contentious Executries

andrew

When someone dies it is the responsibility of their executor to wind up their estate and distribute their assets in accordance with the deceased’s will (or the laws of intestacy if there is no Will). 

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