Inheritance Tax advice

Thomson Snell & Passmore advise client on how to ensure their elderly parent is provided for if the worst should happen

With an ageing population, many people are making the decision to look after their parents in their homes. Our clients had done just that, building a self-contained flat (or "granny annexe") for a parent in his 90s. We shall call him Bill (not his real name). As part of the deal, and in the interests of good inheritance tax planning, Bill had transferred almost all of his assets to our clients.

Marriage avoids potential double charge to Inheritance Tax!

Probate sale of complex farming estate and farming business

TSP’s multi-disciplinary team were able to provide a seamless, expert and sensitive service to a farming family with a farming company and a mixture of residential and agricultural property.

Administration of estates

This case study demonstrates the expertise of our Probate team and provides a useful reminder to us all to ensure that we have a Will in place, and that it is reviewed and updated regularly.

Inheritance tax avoidance

This case study demonstrates the expertise of our Wills, Trusts & Tax Planning team who have recently advised a client on deeds of variation, inheritance tax and discretionary trusts.

Farming estates & inheritance tax

This case study demonstrates the expertise of our Wills, Trusts & Tax Planning team who have recently settled a farming case, saving a potential IHT liability of over £500,000.

Give early, give often, but only give what you can afford

As property prices increase, more and more people are finding that they will be leaving an Inheritance Tax bill for their loved ones on their deaths.

Helping a grandchild onto the property ladder

We act for a wealthy couple who wanted to help their granddaughter onto the property ladder. Tom Bradfield worked with the granddaughter, providing her with advice on how to protect her new wealth.

Law Commission’s consultation on the law of wills

Thomson Snell & Passmore has responded to the Law Commission’s consultation on the law of wills.

FAQ: Tax Planning

Q. We want to help our 20 year old daughter buy her first flat, but we’re worried about putting such a valuable asset directly in her name. Is there anything we can do to protect the property until she’s a bit older?

IHT considerations for unmarried couples

Solicitor, Stuart Price from our Private Client team speaks to Professional Adviser about IHT considerations for unmarried couples and the practical steps they can take.

Are trusts the new pre-nups for wealthy families?

Desmond O'Donnell, senior associate from our family department and Stuart Price, solicitor from our private client department speak with Spear's about pre-nuptial agreements for wealthy families.

The net widens

Solicitor, Sarah Nettleship from our private client team speaks to ePrivate Client about the upcoming changes to IHT and the government’s reforms of taxation of ‘non-doms’.

IHT considerations for unmarried couples

The number of cohabiting unmarried couples in the UK is on the rise. Stuart Price from our Private Client team speaks to Professional Adviser about IHT considerations for unmarried couples and the practical steps they can take.

Owner managed businesses : tax-efficient wills for company directors

Owner-managed businesses : tax-efficient wills for company directors

FAQ: Family

Q: I have recently separated from my long term partner, we were not married.  Am I able to make a financial claim against them?

Top 25 UK Law Firm

We are pleased to receive, for another year, the accolade from eprivateclient of being listed as one of the Top 25 Law Firms in the UK.

FAQ: Budget

Q. Was there any good news for SMEs in the Budget? A. Whilst not transforming the landscape for SMEs, there was certainly some good news.  The Chancellor looked to shift some of the tax burden onto large corporates, giving him some room to assist smaller businesses.

Top 25 Private Client Law Firm

We are pleased to announce that we have again been awarded the accolade of eprivateclient’s Top 25 Private Client Law Firms for 2015.

Best Lawyer award

We are delighted that Partners Simon Brown and Gilbert Green have been selected by their peers for inclusion in the forth edition of Best Lawyers in the United Kingdom ®.

An exciting new company launches in Kent: Mexxa Mixx

These case studies were serialised in the Kent and Sussex Courier, but are collated together in this case to show all of the different stages a company can go through and how we can assist. MexxaMixx is a ficticious Kent-based business which manufactures and sells a range of Mexican style cooking sauces.

Should you tell a child they're worth a lot of money?

The answer depends on the way their wealth is structured.