A new Bill to amend the Inheritance Act 1984 would enable transfers between siblings to be exempt in certain circumstances, bringing the position more in line with the tax advantages afforded to married couples.
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The law never stands still, and the way it applies to you and your organisation is constantly evolving. Our people are on top of these developments and can keep you up to date with some of the most interesting aspects of these changes. Check out our articles and updates for our perspective on issues that might affect you.
Latest articles from Megan Dunbar
Winnie the Pooh day got us thinking: how can we bring a bit of that wisdom into the advice we give our clients. Whilst you may not be a honey-loving bear in Hundred Acre Wood, uttering the phrase "Think, Think, Think" when faced with a puzzling problem, it is perhaps a sentiment often echoed when considering personal legal matters.
Earlier this year the Office of Tax Simplification recommended an overhaul of the Inheritance Tax ("IHT") regime, seeking to make it simpler, more intuitive and easier to operate. In anticipation of Javid's first Budget, which could take place by the end of this month, we will take a look at the current IHT regime and what you can do to protect your assets.
As a firm, Harper Macleod has been reflecting on Mental Health Awareness Week and what support legal professionals can provide. Here, were look at the role Powers of Attorney have to play.
The Scottish Government recently launched a consultation on the Law of Succession. Among various other succession issues, the consultation seeks views on a potential change in the law to allow anyone charged and convicted of murder and other crimes to be removed from being executors for their victims' wills.