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.
If you are an executor, it is the role of your solicitor to advise you as far as possible on matters related to the valuation of the estate and the inheritance tax (IHT) liability. Executry advice is often time sensitive, but the volatility and downturn of many markets in the last few years provides an additional challenge for executors - the valuation of shares. In this article, we look at share loss relief, when it occurs and how to make a claim.
As the end of the current tax year approaches now is a good time to review your tax and financial position. Making use of available allowances and exemptions could potentially avoid unnecessary tax payments. There are a number of options to mitigate your exposure to tax and some of these may be applicable to your individual circumstances.
If the prospect of completing your annual Self Assessment tax return fills you with dread, causing you to put off the inevitable until it becomes a race to avoid an automatic Late Filing Penalty, you are not alone.
An important part of estate planning is to consider and understand inheritance tax. In this article we look at why it is important to understand inheritance tax, as well as the rates, rules and potential exemptions.
If you are required to work from home, including due to the COVID-19 pandemic, you can claim for the increased cost of things such as internet, phone bills and equipment for the time you spend at home. While the working from home allowance is not new, the rules have changed slightly and more people may be eligible as a result of the lockdown restrictions.
