Insights

In Series 2, Episode 1 of the #TVLawyer Podcast, Melinda Giles speaks to fellow Giles Wilson Partner and Private Client specialist Caroline Woodham about the changes to Inheritance Tax law after the Autumn Budget 2024 was announced in November.

Anyone of the above is able to help advise in the first instance; pick up the phone and call 01702 477106 if you need to speak to a family lawyer.

The guidance from HMRC confirms that each person can make as many ‘small gifts’ at Christmas as they like. HMRC defines small gifts as those where the value is £250 or less per person.

There is definitely speculation about potential changes to IHT. We have not seen major change since 2017. But what could happen now?

Have you thought that one day, when the time comes, you would like to keep your parents’ home in the family? Perhaps live there yourself? Even bring up a family there? You may even have had conversations with your siblings about how one of you would buy out the others. If this is something you are thinking about – you need to start planning now.

As cherished members of the family, pets hold a unique place in our hearts and homes. But when a relationship ends, who takes responsibility for their care, and how can financial support be allocated to ensure their well-being?

With years of experience in the London and wider South East prime and super-prime property market acting in sales and purchases for clients and lenders from all over the world, Tom Cawcutt brings his City experience to the south Essex market and can help you overcome the challenges that high value transactions can present and help make them more the same and much less different.