When acting as a Personal Representative (Executor and Administrator), you must be mindful of the potential Capital Gains Tax (CGT) issues which can arise when selling the deceased’s assets.
When deciding to make a Will you will find that after a quick search on Google, you will be presented with a number of options. One being the ‘DIY’ approach where you are guided through what steps you need to take in order to draft your own Will....
Many people are aware of the annual exemption which allows individuals to give away up to £3,000 free from Inheritance Tax (IHT) in a tax year. In addition there is also the small gift exemption of up to £250 to individuals. Other exemptions are ...