18 November 2024 What is a Deed of Appropriation? During Probate, when an Estate asset is sold which has increased significantly in value, a Deed of Appropriation can reduce the Capital Gains Tax liability.
18 November 2024 Do Beneficiaries Pay Capital Gains Tax on Inheritance? A Beneficiary will not usually be liable to pay Capital Gains Tax on their inheritance, as this will be settled by the Executor during Probate
18 November 2024 Do I Need to Pay Capital Gains Tax during Probate? Individuals and Estates are entitled to a tax-free annual exemption for Capital Gains Tax. In the 2018-19 tax year this allowance has been set at £11,700.
18 November 2024 Can You Pay Funeral Expenses Out of the Estate Funeral costs can be paid from the deceased person’s Estate (T&C Apply), but you may have to wait until the Probate process has been completed.
18 November 2024 Will Capital Gains Tax Be Charged on Shares during Probate? This will depend on whether they're being sold and, if so, whether they've increased in value since the date of death
07 October 2024 How Does Marriage Affect your Will? Any legally valid Will that you already have in place will automatically become void, unless your Will makes specific reference to your intended marriage.