Tax is an emotive subject for people and no tax is more emotive than Inheritance Tax.  The thinking goes that if one has paid tax on income, on profits and on capital gains throughout one’s life it seems to be unfair that the resultant wealth is taxed again upon death. Notwithstanding that the plethora of […]

In our modern society, it is common for family units to include parents in their second marriages, with children from both marriages or previous relationships. Such blended families may include step-parents and step-children and step-siblings and half-siblings. A frequent concern of couples with children from a previous relationship or marriage is how they might leave […]

For the purposes of this piece, I will be solely focussing on The Partnership Act 1980 however, it is worth mentioning there is more than one partnership such as Limited Liability Partnerships which I will not be discussing in this piece. A partnership is legally formed by two or more people carrying on a business […]

A desire to engage in tax or estate planning is typically driven by a particular event that forces one to consider both one’s own future and the welfare of dependants.  It may be that one loses their parents, one sells a business or otherwise one goes through a major life event which makes mortality more […]