HMRC enjoyed a record-high intake of inheritance tax last year, amounting to £4.6 billion. This figure for 2015-16 represents a 21% increase from the previous year and a staggering 70% increase from 2010-11, which serves to highlight the importance of effective estate planning.
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Recent changes to the legislation surrounding inheritance tax have made it more important than ever to take expert advice when thinking about your Will. The Residence Nil Rate Band allowance provides individuals with an “additional” nil rate band which can be used towards their home. With 1 in 5 estates including property or land, this is a potentially significant tax saving tool.
Samantha ‘Sammi’ Kinghorn is Scotland’s leading wheelchair racer and Harper Macleod’s Athlete Ambassador. With the Rio 2016 Paralympics looming large on the horizon, here Sammi talks about some of her recent experiences, and how she keeps on track to achieve her goals.
Scotland holds a significant place in the history of asbestos, having developed its industry early in the 1800s. However, despite the dangers of asbestos exposure being known as early as the 1920s, the asbestos industry was allowed to develop and continue until almost the millennium - leaving a legacy of asbestos related disease in the country.
A recent tribunal case held that if an employer exploits a worker because that worker is vulnerable as a result of poor economic position (i.e. poor English skills, low level skills, immigration status, homelessness etc) it does not necessarily mean that the employer has committed discrimination.