Business Property Relief and Spousal Transfers: The Two-Year Ownership Trap 

Business Property Relief and Spousal Transfers: The Two-Year Ownership Trap 

Family businesses thrive across generations by innovating, adapting, and exploring new markets and opportunities. They make investment decisions for the long term, including maintaining a stable tax policy which works towards supporting the business’s ambitions and follows a clear plan.

International Assets & UK Residency: Unilateral Relief to the Rescue?

International Assets & UK Residency: Unilateral Relief to the Rescue?

From 6th April 2025, the UK abandoned the traditional concept of domicile for inheritance tax (IHT) purposes. Instead, it hinges on whether someone is a long-term UK resident. Under this new regime, an individual is deemed a long-term UK resident if they have been tax-resident in the UK for at least 10 of the preceding 20 tax years.

Executor Renunciation or Power Reserved

Executor Renunciation or Power Reserved

Executors play a vital role in fulfilling a testator’s wishes and distributing their estate properly. Occasionally, issues arise when decisions about whether to act, renounce or have power reserved are made too soon. In this article, we explore the legal and practical effects of such decisions.  


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