Article Category: Trusts

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 »

Proposed changes to Lasting Powers of Attorney

The Office of the Public Guardian (OPG) has recently consulted on its proposals to remove the need for a physical (or ‘wet’) signature to be made on Lasting Power of Attorney (LPA) forms. It proposed new legislation which would allow the donor and witnesses to sign electronically. The intention is that this will make it… Read more »

An inheritance tax free ISA?

Did you know that ISAs are free from income and capital gains tax? However, contrary to the beliefs of a large number of people, cash or shares held within ISAs do form part of an individual’s estate on death to calculate liability for inheritance tax. Investment in shares in companies listed on the Alternative Investment… Read more »