tax Archives | Newnham & Jordan Solicitors

Deeds of Variation: What are they and how can we reduce Inheritance Tax?

01/09/2021 by Angie Newnham in Legal / Wills and Power of Attorney

A Deed of Variation is a useful tool which enables your estate (by agreement) to change the contents of your Will after you have passed away. It is difficult to predict the exact value of your estate and therefore if any Inheritance Tax is payable after you die. A Deed […]

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The Stamp Duty Land Tax Change – A Huge Relief for First-Time Buyers

24/11/2017 by Angie Newnham in Conveyancing / Legal

It was announced yesterday that Stamp Duty Land Tax will be scrapped immediately for first-time buyers of homes up to £300,000. The move was made in an attempt to reduce the ever growing gap between homeowners and first-time buyers and is set to benefit 95% of first time buyers. The […]

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The Stamp Duty Land Tax Change – A Huge Relief for First-Time Buyers

All you need to know about Inheritance tax residence nil rate band

27/06/2017 by Angie Newnham in Wills and Power of Attorney

What is the residence nil rate band? When a person dies, inheritance tax(IHT) is being charged on their death. The inheritance tax rate is 40% based on the value of his/her assets. This 40% rate is only charged on any value above the nil rate band. The nil rate band (£325,000 […]

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Tag Archives: tax

Deeds of Variation: What are they and how can we reduce Inheritance Tax?

The Stamp Duty Land Tax Change – A Huge Relief for First-Time Buyers

All you need to know about Inheritance tax residence nil rate band