After someone dies, the people looking after their affairs have to add up the value of what is left behind and take off any debts and expenses. Depending on how much is left in the person’s estate (their property, money and possessions) there might be Inheritance Tax to pay. Inheritance Tax is paid if a...

by Kevin D. Ferguson BA CA, Partner , JRW Chartered Accountants   In this month’s article we provide a summary of the key tax points from the Summer Budget. We have mainly concentrated on the tax measures that will directly affect individuals, employers and small businesses in 2016 and 2017. Tax rates and the personal...

It might surprise you to know but Inheritance Tax (IHT) is starting to become more of a concern to many people, the main reason for this being rising property prices. Most estates (the assets you leave when you die) are still not charged with Inheritance Tax, as the total value is not high enough, but...