Catchpole Law on law

Inheritance Tax (IHT)

HMRC took a record £5.2 billion in IHT in 2017/18. IHT is calculated on the value of a person’s estate when they die. It would seem however that not all estates claim the allowances that can be claimed, meaning that more tax is paid than is due. These claimable allowances include: – an individual nil-rate […]

Refund of fees if you registered a Lasting or Enduring Power of Attorney

If you applied to register your power of attorney between 2013 and 2017, from 1 February this year you may be able to claim a refund of some of the fee that you paid, together with interest. You can claim a refund if you are the donor (the person making the power of attorney) or […]

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 […]