Inheritance Tax advice

A potential IHT saving of £270,000

Leaving a limited interest to your surviving spouse could lead to a substantial IHT saving

Chris advised the family of a man who died leaving an estate of £7.5 million.

Specialist estate planning advice tailored to ever-changing family dynamics

Amy has acted for this couple since she was a trainee, with the matter transferring across with her from her previous firm. 

Obtaining Inheritance Tax Reliefs in a hybrid farming business

The client (P) died owning a farm on which a mixture of business activities were being carried out.

Claiming Agricultural and Business Reliefs saves huge Inheritance Tax bill

The client (K) died owning a 75% share of some farmland extending to around 230 acres which was used for agricultural purposes.

Inheritance Tax for non-UK domiciled deceased

We have recently advised on an estate of a non-UK domiciled client where the deceased was domiciled in Poland and left assets in both Poland and England. 

Home Loan Schemes

Chris worked with the client to avoid further Inheritance Tax after their father and late mother participated in a “Home Loan Scheme.”

A trust combining tax saving with control

Stuart’s client inherited his wife’s share of some farmland, which had huge developmental potential.

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.

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.

The “Common Law Spouse” and Inheritance

‘Tis the season to estate plan

Now is the ideal time to look at estate and tax planning. Nicola Plant, our head of Private Client, explains why in this piece.

Inheritance tax – Britain’s most hated tax

According to a recent article by This is Money, Inheritance Tax (IHT) is Britain’s most hated tax, yet only 4% of people actually pay it.

Early and regular reviews are the key to tax and estate planning

Nicola Plant recently shared her thoughts with The Telegraph’s Good Life supplement

Helping children onto the property ladder

In recent years it has become harder and more expensive than ever for first time buyers to get on to the property ladder.

Farm diversification: Why considering Inheritance Tax is key

The idea of farmers diversifying and using their land for non-farming activities is not a new one, but it is something that is gaining more and more traction.

007 – Licence to… Gift?

Daniel Craig has recently said he does not believe in leaving his estate to his children on his death, saying in an interview with Candis magazine, “I don’t want to leave great sums to the next generation.

Can’t see the wood for the trees? Effective tax planning for woodland owners

Woodland is increasingly being seen as a good investment opportunity but can often be overlooked by landowners and farm enterprises as part of their wider estates.

Dealing with probate during the Coronavirus pandemic

Sarah Crane share key tips to help the probate process run as efficiently as possible during the ongoing pandemic.

Thomson Snell & Passmore calls on HMRC to clarify position on emergency responder exemption from IHT

Could the estates of NHS workers (and other “emergency responders”) who die from coronavirus be exempt from inheritance tax?

Key considerations when dealing with probate

If you have recently lost a family member or friend and are dealing with the administration of their estate, we have set out below a few matters for you to consider to try and help with the process in these difficult times: 

Leaving a charitable gift in your will

Clare Morison explores the benefits of leaving a charitable gift in your will

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. Our private client team 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

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 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. Our Private Client team speaks to Professional Adviser about IHT considerations for unmarried couples and the practical steps they can take.

FAQ: Family

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.

Appointing Thomson Snell & Passmore Trust Corporation Limited as an executor and trustee of your will

LPA - the role of an attorney for property and finance

Main Inheritance Tax time limits in Probate matters