Principal Private Residence relief (PPR) – ‘bolt-on’ periods to be radically reduced

18/02/2019

PPR relief has been a highly valuable tax relief against the gains arising on the sale of a property that is or has been an individual’s only or main residence. The relief is essentially a time apportioned relief for periods of occupation of the property as a home, with a number of bolt-on periods where…

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Probate fees hike will go ahead after all

18/02/2019

Clients will be aware that the Government had plans to significantly increase probate fees back in 2016, but these were dropped ahead of the 2017 snap general election. However, despite considerable opposition, the proposal reared its head again, and was confirmed in November 2018, with the Government arguing that significant rises to probate fees were…

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HMRC’s Trusts Register

24/10/2017
HMRC’s Trusts Register

All websters clients that have trusts should note the new disclosure rules relating to trusts and the reporting obligations for the new online HMRC Trusts Register. The new disclosure rules and the need to establish the Register stemmed from the EU’s Fourth Money Laundering Directive, which was implemented into UK law on 26 June 2017….

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