Tag: probate

Business Property Relief (BPR)

What is BPR? BPR is a relief from inheritance tax (IHT). The primary purpose of BPR is to prevent the break up of businesses upon death due to the IHT charge which would ordinarily apply if the relief was not available. This allows family businesses to pass down through generations with little disruption. If certain …

Making a gift of your home

There are many reasons why people wish to give away their home to another person.  It is crucial that the benefits, risks and foreseeable consequences of making the gift are fully understood so that the donor can decide to make the appropriate decision.  It may be that there are more effective ways of achieving the …

Supreme Court ruling – Ilott v The Blue Cross & Others explained

In July 2015 we reported that the Court of Appeal had increased the amount awarded from the estate of a deceased mother in favour of her disinherited estranged daughter. The Supreme Court has now reversed that decision, reverting to the original County Court award. Mrs Ilott was originally successfully awarded £50,000 in the County Court …