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Leading Buckinghamshire Solicitors

B P Collins is a consistently successful full-service law firm based in
Gerrards Cross with a proven reputation for representing clients effectively.

Call: +44 (0) 1753 889995
Email: enquiries@bpcollins.co.uk
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Gerrards Cross: +44(0) 1753 889995

Practice group news

Contested legacy case 'could create problems for the third sector'
10 March 2010


Inheritance tax 'effectively abolished' under Tory plans
9 March 2010


New partner announced at B P Collins
1 March 2010


Changes to the rate of income tax from 6 April for trusts
25 February 2010


Man 'fails in bid to contest mother's will'
22 February 2010


RSPCA ordered to pay legal bill over will dispute
18 February 2010


Poor inheritance tax planning 'loses Britons billions'



11 May 2009

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Britons are losing billions of pounds as a result of poor inheritance tax planning, according to new research from unbiased.co.uk. The amount of wasted payments has risen by a total of 16 per cent, equating to around £2.2 billion.

David Elms, Chief Executive of the website, explained that the statistics show a lack of planning on the part of the deceased. "This can prove an additional unwelcome stress for the deceased's family at an already difficult time, since this tax must be paid before the estate is released and any inheritance can be passed on."

The figures suggest that this trend is likely to continue, with many of the country's properties valued above the inheritance tax threshold of £325,000. In the 2009/10 tax year, anything above this limit will be charged at a rate of 40 per cent. Of those questioned, 81 per cent said they have not taken any steps in the last 23 months to lessen their tax burden.

William Chalk, associate in the private client team comments: "There are simple measures that can be taken to ensure that assets pass on tax free"

If you require legal advice, for either your private affairs or organisation, please call Buckinghamshire based B P Collins Solicitors on 01753 889995, complete the online enquiry form or email enquiries@bpcollins.co.uk.

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