Article Category: Trusts

Trust Registration Service (TRS) – Deadline Extension

Earlier in the year, we discussed the Trust Registration Service (TRS) and the additional regulations that came into force on 6th October 2020 as a result of the Fifth Money Laundering Directive (5MLD). Recently, HMRC has announced that a deadline extension for the TRS will be implemented. It will be a requirement to register all… Read more »

Tax Returns Deadline Extension Announced by HMRC

HMRC announces tax returns deadline extension

The HMRC have recently announced that  people required to file self-assessment tax returns will not receive a penalty if submitted late, provided that the tax return is filed online by the 28th February 2021. The deadline extension follows the realisation that many people required more time and were struggling to complete their tax returns by… Read more »

The Future of Entrepreneurs’ Relief

What is Entrepreneurs’ Relief? Entrepreneurs’ Relief (ER) reduces the rate that Capital Gains Tax (CGT) is paid, from 20% to 10%, when some or all of a business is sold. It is available to most individuals, qualifying beneficiaries and some trustees of settlements. However, this is subject to certain conditions including a lifetime limit of claims… Read more »

MPs Propose Overhaul on Inheritance Tax

A group of MPs have called on the government to re-think Inheritance Tax (IHT) by removing almost all reliefs available, including the residence nil rate band (RNRB) which was introduced in April 2017. On 28th January 2020, the All Party Parliamentary Group (APPG) on Inheritance Tax and Intergenerational Fairness urged the government to consider an… Read more »

SAS Daniels LLP raises the bar in legal rankings

North West law firm, SAS Daniels LLP, has achieved its best ever rankings in national legal guides, Chambers UK and The Legal 500. Rankings in Chambers UK and The Legal 500 are key to the firm’s credentials, recognising the firm’s specialist teams, based solely on merit, and reinforcing its proposition as ‘No ordinary law firm’…. Read more »

Cheshire STEP seminar homes in on latest legislation changes

The Society of Trust and Estate Practitioners (STEP) will be hosting its regional business seminar on 22 May at Chester Racecourse, headed up by Chair of the Cheshire branch, Helen Kelly, a partner at leading North West law firm, SAS Daniels LLP. The organisation, which brings together professionals dealing with family inheritance and succession planning,… Read more »

STEP introduces new will writing code

The Society of Trust and Estate Practitioners (STEP) is an international organisation recognised across the world as a leading organisation of professionals who deal in all aspects of trust and estate legal work. Following on from the government’s decision last year not to regulate will writing services in England and Wales, STEP have developed their… Read more »