Are the gifts you made subject to inheritance tax?
July 11, 2019
Inheritance tax – proposals for change
Inheritance tax is an issue that needs to be considered in all estates regardless of their value. The current inheritance tax rules are long and complex and there have been ongoing debates relating to reform of inheritance tax for many years. Most recently there has been a proposal to change the current seven year rule to five years for gifts. This would mean that gifts made 7 years before the owner died would not be subject to inheritance tax.
Read further on the current reform proposals reported in the Law Society Gazette here:
Inheritance tax needs to be considered during your lifetime and in particular when making your Will. As the rules around inheritance tax are constantly changing it is important to keep your affairs up to date. Here at Pinkney Grunwells our Private Client department offer professional and comprehensive advice on inheritance tax and estate planning. If you would like any further information please contact us at your nearest Pinkney Grunwells office.
Buying a home is often one of the biggest financial commitments you'll ever make. Yet for many buyers and sellers, the process can feel frustratingly slow, uncertain, and stressful. With property transactions in England and Wales frequently taking months to complete and around one in three sales failing before completion, the UK Government has now proposed a series of reforms aimed at modernising the homebuying process. But what do these proposed changes actually mean for you as a buyer or seller? At Pinkney Grunwells Lawyers, we take a closer look at the reforms and explain how they could affect future property transactions.
Whether you're working in an office, warehouse, construction site or from another workplace, uncomfortable temperatures can affect health, wellbeing and productivity. During periods of extreme weather, employees often ask whether there is a legal temperature at which work must stop. The short answer is that UK law does not set a maximum workplace temperature. However, employers still have legal duties to ensure employees can work in conditions that are safe and reasonably comfortable.
As a landlord in North Yorkshire, understanding agricultural and commercial property law is essential. Whether you're letting out a shop in Scarborough, office space in Bridlington, or agricultural land near Driffield, a well-structured document protects your interests and fosters positive tenant relationships. At Pinkney Grunwells, we've been helping landlords like you navigate these complexities for over 85 years.
