Inheritance Tax (IHT) can have a significant impact on the amount that your beneficiaries receive from your estate. Understanding how it works and implementing strategies to minimise its impact can help ensure that your loved ones benefit as much as possible from your estate.

Asset Protection Trusts (APTs) are often used to manage and safeguard your assets, but it’s important to understand that they come with various tax implications that need careful consideration. Understanding these tax implications ensures that your trust has been set up correctly and operates in compliance with the law.

Asset Protection Trusts (APTs) are used for managing and protecting assets, which means it’s critical that it has been properly registered. Many APTs are legally required to register with HMRC both for reporting for tax purposes, and being entered on HMRC’s trust registration service (‘TRS’). This is essential to avoiding both legal and financial complications.

You may have heard of Asset Protection Trusts (APTs), sometimes known as Family Protection Trusts, in the news, or perhaps you or a loved one has a trust in place you started some years ago.

The closure of McClure Solicitors has left many former clients facing uncertainty and concern regarding their legal and financial arrangements. If you are a previous client of McClure Solicitors, it is crucial to take proactive steps to address any issues and secure your interests.

The collapse of McClure Solicitors has left many clients in a state of uncertainty and concern, particularly for those who had set up Family Protection Trusts. Former clients have found themselves left in the dark regarding their trusts and are now seeking advice about the best options available to them.

Private share acquisitions involve the purchase of shares in a private company, typically characterised by direct negotiations between the buyer and seller. This type of transaction can be intricate and requires meticulous attention to legal and procedural details.

Succession planning can help with preserving the future success of your small business. While much of the focus is often on identifying and preparing successors for key leadership roles, it is equally important to consider the role your employees play in the process as their involvement can significantly impact the effectiveness of your succession plan.

While an important process for preserving the longevity of your business, succession planning comes with several tax implications that must be carefully considered and managed. Understanding these tax implications can help you plan effectively and avoid unexpected financial burdens.

Creating a succession plan can ensure the continuity and future success of your small business, outlining how leadership transitions will occur and helping to prepare the business for a smooth changeover. This may be several years before your planned exit date.

Succession planning is an important aspect of managing a small business, however many owners delay it until it’s too late. Knowing when to start thinking about succession planning can make a significant difference in the continued success of your business.

Succession planning may not be something you have considered before, as a small business owner, but it is important when it comes to futureproofing your business and potentially maximising your return on exiting the business. You’ve likely invested countless hours and resources into building your business, which means ensuring its continuity and success long into the future is crucial.

We all know that Euro 2024 is well underway and there has already been excitement (and upset) along the way for all the nations, not least England. Sadly, the harsh reality is the beautiful game does not always mean excitement for all and particularly those in a high risk or abusive relationship.