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Care Act 2014

The provisions of the Care Act 2014 come into force from April 2015 It is worthy to note that from then Local Authorities will not have the power to assess married couples/civil partners jointly for means test purposes . Each person considered for care will have to be...

Tony Benn ‘s Trust

It is reported today that maverick socialist Tony Benn’s £5m estate will probably avoid Inheritance Tax. The reason appears to be because it was placed in Trust after the death of his late wife. Tax experts say it is likely a ‘deed of variation’ was...

What would my parents have wanted?

In a period of grief following death how often is the question raised by bewildered loved ones ” what would mother or father wanted to happen?  Which of us will inherit the chattels in the house and the car? Are we to sell the house and divide the proceeds? If...

£72000 = £150786

Calculations by the Labour Party indicate that despite the proposed system of capping care fees for the elderly the figure of £72000 is more likely to finish up at £150786. This is largely because the ‘hotel and accommodation’ costs of residents in care...

Triple Taxation

Tess Daly, the host of ‘Strictly Come Dancing’ has attacked Britain’s disgraceful and insulting inheritance tax laws. In a recent magazine article she states that in effect Inheritance Tax is triple taxation. Tax is paid on earnings, Stamp duty is...