28th August 2019
HMRC investigates well over 20% of all taxable estates
A freedom of information request by Discretionary Fund Managers Quilters show that the Revenue opened more than 5,000 Inheritance Tax investigations in a year, a figure representing well over 20% of the 22,000 estates that are liable to lnheritance Tax in that year.
Whilst it is more often than not the case that persons named as Executors are not deliberately trying to defraud the Revenue, the complexity of the process means that it is easy to make mistakes. Mistakes can lead to interest and indeed penalties in some cases being levied. To avoid those, it can a useful idea to employ experts to assist to a greater or lesser extent. The field for purchase of such expert services is now much wider and include not only solicitors but, accountants and others authorised to offer Probate services.
For more information as to how we as solicitors can help you with Probate work, please contact Edward Walter of Buss Murton Law LLP on T:01892 502 320 or
E:ewalter@bussmurton.co.uk
Edward Walter
Partner
Solicitor
Private Client
Office : Hello world!
01892 502 320ewalter@bussmurton.co.uk
Profile
Edward is a Partner in the Private Client Department. He started practising Private Client Law in 2000, initially as a solicitor in a well-known firm in Tonbridge and thereafter with several well-known East Sussex firms before joining Buss Murton in July 2014. Edward became a Partner in 2015.
He advises and acts on all aspects of Inheritance tax planning and Capital Gains tax planning. He also acts in Probate administration matters and post death Variations for Inheritance tax and Capital Gains tax purposes. He also regularly advises clients regarding the making of their Wills, Powers of Attorney, Lasting Powers of Attorney, Declarations of Trust with respect to client’s properties.
He undertakes the full range of advice and work with respect to Trusts and advises on associated tax implications of those actions. He also advises generally on (tax) domicile and residence issues.
He regularly advises and acts on the registration of Lasting and Enduring Powers of Attorney, the making of Statutory Wills and gift applications at the Court of Protection.
Expertise
Inheritance Tax Planning
Capital Gains Tax Planning
Wills
Probate and estate administration
Lasting Powers of Attorney
Declarations of Trust
Court of Protection
Estate Planning
Taxation advice
Succession strategies
Residence and domicile matters
Trusts
Alternative Contact:
Emily Luker
01892 502 346
eluker@bussmurton.co.uk
Beth Ahsunollah
01892 502 348
bahsunollah@bussmurton.co.uk
LinkedIn Profile
Articles
- October Budget: changes to pensions and the impact that has on those leaving 10% of their estate to charity
- The Government’s October Budget 2024: Inheritance tax, Wills and those who need to review their Wills.
- Have you got a standard form trust and require advice on what you can do as a trustee? Buss Murton Law can help.
- Care Costs and paying for them – fact amongst the hyperbole
- How can non-married, non-civil partners be impacted by the Residential Nil Rate Band Allowance?
- Mental incapacity and being a trustee
- I have a Will, so why do I need a Lasting Power of Attorney?
- Will Beneficiaries, Claimants and Disputes
- Inheritance Tax Planning: Is Inheritance Tax in the near future likely to remain a threat to the goal of passing your estate on as intact as possible to your heirs?
- Wills and Business Property Relief – Inheritance Tax danger for owner managers of SMEs