Catchpole Law on law

Energy Performance Certificates (EPCs) – New Requirements regarding the Grant of New or Renewal of Leases from 1 April 2018

The legislation for Energy Performance Certificates (EPCs) has been in place since 2008 and provides that an EPC is required if a property is marketed for rent (as well as sale).  However the Energy Efficiency (Private Rented Property) England and Wales Regulations 2015 will bring phased minimum energy efficiency standards (MEES) into force which may […]

Principal Residence Dilemma

“It is quite simple, our investments and savings are covered by our nil rate bands – the house which is our biggest non-income producing asset, can be gifted to the children and after seven years will fall outside our estates for inheritance tax.” What could be simpler – but a straight gift of the house […]

New anti-money laundering requirements affecting trusts and estate administration

HMRC has launched its “trusts register” for trustees and personal representatives of complex probate matters. Trustees and personal representatives now have a single point of online access to comply with their new registration and reporting obligations.  All trusts and estates with a tax liability must be registered and provide information about the trust assets and […]

Update on probate court fees and changes to inheritance tax

Increase in court fees for grants of probate You may be aware that due to the government calling a snap election, the proposed increases have been put on hold for the time being. Record Inheritance Tax bills and how the new rules may affect you  The tax year 2015/16 saw a huge increase in the […]

Increase in court fees for grants of probate

You may be aware that, despite widespread opposition, the government proposes to increase the fees for the application of a grant of probate from May this year. What is this fee? When someone dies, the value of their estate is calculated and where appropriate inheritance tax (IHT) is payable. Once IHT has been paid, the […]