Residential property sales in the UK were positive at the beginning of the year, up 0.8 per cent between December 2018 and January 2019, official data shows. Overall there were 101,170 residential sales, taking them 1.3 per cent higher than January 2018, according to the figures from HMRC.
Although the government has put plans in place to increase probate administering fees, it has been discovered that no assessments have actually been carried out by government officials on how high-value estates will be affected.
A spike in the amount of inheritance tax (IHT) receipts is being predicted this year as bereaved family members move to complete their paperwork before potential changes to probate fees come into effect.
The current “overly complex” divorce system in England and Wales can “fuel conflict” and disadvantages people who represent themselves and those alleging abuse as grounds for divorce, a study has revealed.
Lasting power of attorney (LPA) allows UK citizens to choose someone to act on their behalf in case they are incapacitated – whether it be through illness, an accident, or a lack of mental capacity – but only 14 per cent of people have set it up.