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Articles12 Mar 2024
The introduction of a £500 income exemption from 6 April 2024 will impact many trusts. It comes with various complications, especially as income within the £500 exemption will still be taxable in the hands of beneficiaries.
Articles6 Mar 2024
The general rule for executors is that they must pay any IHT due at the end of the 6th month after the date of the death of the person who is leaving a valuable estate (more than £325,000). If the... Read more
Guides & Publications19 Jan 2024
Alliotts LLP is an independent firm of Chartered Accountants and business advisors practice based in London and Guildford. We provide a wide range of national and international clients with a full range of professional services. Working together is about more than our technical ability, it is essential we deliver the highest levels of client care
Articles11 Aug 2023
If an English or Welsh domiciled person dies without leaving a will, the amount that a surviving spouse or civil partner can inherit as a statutory legacy under the intestacy rules has – from 26 July – been increased from £270,000 to £322,000.
Articles27 Jul 2023
HMRC is offering taxpayers named in the leaked Pandora Papers a chance to correct their tax affairs. The October 2021 leak involved almost 12 million documents revealing hidden wealth and tax avoidance. The papers revealed that many taxpayers had used... Read more
Articles22 Jun 2023
The combination of a frozen inheritance tax (IHT) nil rate band and considerably higher property values has pushed more estates into the IHT net. The average IHT bill is now nearly £62,000, with much larger amounts payable if an estate includes a property in London or the South East.
Articles10 Jan 2023
The Government announced a two year postponement
Guides & Publications21 Dec 2022
Alliotts LLP is an independent firm of Chartered Accountants and business advisors practice based in London and Guildford. We provide a wide range of national and international clients with a full range of professional services. Working together is about more than our technical ability, it is essential we deliver the highest levels of client care