UK & Cypriot Wills and Legacy Planning News

With economic uncertainty and the need to balance public finances, the budget is anticipated to introduce a range of tax-related measures.

Our team is committed to being here for you for many years to come and our expertise extends to advising on UK inheritance tax implications.

The UK government has unveiled significant changes to its taxation system for non-domiciled individuals, impacting income & inheritance tax.

A Deed of Variation is a legal document that allows the terms of a deceased person's Will to be altered to better suit the beneficiaries.

HMRC has published proposed measures to limit the use of employee ownership trusts and employee benefit trusts for tax avoidance purposes.

In cases where a person travels from their Domicile of Choice country to another country for euthanasia purposes, Domicile can be affected.

Probate [Latin for Proof] is the legal process to deal with someone’s property, money and possessions (their ‘estate’) when they pass away.

In the last 20 years the number of people over the age of 70 cohabiting with partners has increased, potentially putting their homes at risk

Potentially Exempt Transfers enable individuals to give gifts exempt from UK Inheritance Tax if they survive for 7 years afterwards.

There are tax advantages in passing on wealth during lifetime, especially if the parent is UK domiciled or is somehow subject to UK IHT.

When a British expat remains UK domiciled, it can result in their estates being liable to UK Inheritance Tax (IHT) at 40%.

Leaving a part, or your entire estate to charity can reduce, and in some situations, eliminate the Inheritance Tax liability entirely.