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5th September 2018
April 2017 saw a barrage of UK tax rules take force, including a clamp-down on the number of years resident non-domicile status can be claimed, and harsher, more regulated treatment on selected offshore arrangements which were often used to avoid encountering Inheritance Tax (IHT). As you will see from... read more
13th August 2018
UK Inheritance Tax (IHT) revenues have broken the £5 billion mark, totalling a hefty £5.2 billion this year, up from a £4.7 billion last year. With an ageing population, increasing property values and fairly static allowances IHT revenues look set to grow and grow. Within the latest government report,... read more
14th February 2018
The phrase ‘common-law marriage’ tends to be a familiar one and refers to a situation in which a couple is considered married, without having formally registered their relationship. When considering estate planning though there is a misconception that if you live with someone, your assets will simply pass to your... read more
7th December 2017
A Will is the best possible way to ensure that your assets are distributed precisely according to your wishes after you pass away. Nonetheless, there are a number of different factors which can allow for it to be challenged. The main reason is a ‘lack of testamentary capacity’ –... read more
22nd November 2017
In 2015-2016 over £4.7 billion was paid to the UK Government in Inheritance Tax (IHT). Unsurprisingly then, IHT can be a worry, but not necessarily one that has a general solution. In our webinar, Jeremy Woodley, Director of The Fry Group, discusses various strategies of approaching IHT. If you... read more
17th July 2017
Changes to domicile rules are on their way. The Financial Secretary to the Treasury has released a written statement regarding changes to domicile rules. In this statement it’s made clear that the items dropped from the Finance Bill on the calling of the General Election will be reintroduced in... read more
19th April 2017
Introducing our new Inheritance Tax Guide. In 2015-2016 over £4.7 billion was paid to the UK Government in Inheritance Tax (IHT) revenues. Prior planning and preparation can significantly reduce the amount you pay. We have created an easy-to-follow guide to help you understand and reduce Inheritance Tax, and help... read more
1st December 2016
£4.6 billion was paid in Inheritance Tax (IHT) revenues last year, and by 2020 one in 10 estates could be charged IHT. Inheritance Tax is charged on your estate when you die, at a flat rate of 40%. With the current threshold sitting at £325,000 a great many people... read more
11th July 2016
We are pleased to announce the latest edition of The Fry Group’s Guide to Inheritance Tax. In fact, it is likely to be the first in a series of fresh issues because we are living in times of rapid change and much uncertainty even in this narrow field. The... read more
6th July 2016
With life expectancy increasing, the reality of funding long-term care is one which more and more clients are having to consider. We have recently come across structures being sold on the market that really are too good to be true. These structures are labelled ‘asset protection trusts’ and have... read more