Kings Court Trust Blog

Understanding Inheritance Tax and allowances

on 26-Aug-2021 11:45:50 By | Charlotte Toogood |

Inheritance Tax (IHT) can be a difficult concept to comprehend, especially for those who have never had to attempt the complex process of dealing with a loved one’s taxable estate before. To put it simply, IHT is a tax that is paid upon an estate of someone who has died.

The emotional stress of dealing with a bereavement

on 05-Jan-2016 09:00:00 By | Kings Court Trust |

A recent article by The Telegraph has detailed the emotional stress that dealing with the death of a loved one can cause, including the anxiety of having to deal with the taxman when it comes to Inheritance Tax (IHT).

The risk of miscalculating your Inheritance Tax - You could be branded a criminal

on 08-Dec-2015 09:00:00 By | Kings Court Trust |

Ordinary individuals inheriting assets from overseas could risk criminal charges if they miscalculate the tax owed, reports The Telegraph.

DIY Wills "could cause family disputes" warns legal expert

on 26-Aug-2015 09:00:00 By | Kings Court Trust |

When making a Will, many people choose to use a DIY kit or online template for a variety of reasons. Research shows that 37% of us thought it would be cheaper than going through a solicitor, whilst others thought it would be quicker to do it ourselves or didn’t want a stranger knowing their business.

Ten of the strangest Wills of all time

on 25-Aug-2015 09:00:00 By | Kings Court Trust |

According to the Guardian, less than half of UK adults have drawn up a Will, which leaves more than 26 million people with no formal instructions on how their assets should be distributed after their death.

Do you fully understand the new Inheritance Tax (IHT) regulations?

on 13-Aug-2015 09:00:00 By | Kings Court Trust |

The summer Budget brought good news for those with wealth tied up in family homes as Chancellor George Osborne announced the introduction of an additional nil-rate band for a person’s main residence. However, some experts have criticised the announcement for being unnecessarily complicated and causing confusion amongst the public.

The new Inheritance Tax rules - Good news or too complicated to understand?

on 04-Aug-2015 09:00:00 By | Kings Court Trust |

The revised Inheritance Tax (IHT) rules announced by Chancellor George Osborne during the summer’s Budget speech have appeared to cause widespread confusion across much of the public.

Landmark Ilott ruling may boost demand for professional Will writing

on 29-Jul-2015 09:00:00 By | Kings Court Trust |

Following on from the recent and well publicised Ilott case, the Financial Times reports that the ruling highlights the powers at the disposal of the courts to overrule Wills.

Inheritance Tax Recovery Reaches £3.4 Billion

on 31-Jul-2014 09:00:00 By | Kings Court Trust |

In a bid to keep up with the latest news regarding inheritance tax and death duties, we came across new figures published in the Solicitors Journal, noting that HMRC recently revealed it has received more than £3.4 billion from inheritance tax (IHT) and death duties in the last 12 months.