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What you need to know about the transferable nil-rate band

Monday, 08 March 2021

Murray Beith Murray

Asset Protection

When a person dies, a certain amount of the estate they leave behind can be passed on to their loved ones free of Inheritance Tax. If the person does not use their tax-free allowance, they may pass this on to their spouse or civil partner - this is known as the transferable nil-rate band. In this post, we look at how the transferable nil-rate band works and answer some of the questions you may have.

Self Assessment deadline extended to 28 February: How does it work?

Friday, 19 February 2021

Murray Beith Murray

Tax

The official deadline for filing a Self Assessment tax return for 2019-20 was 31 January 2021. However, in a last-minute move, HM Revenue & Customs (HMRC) extended the Self Assessment filing deadline to the 28 February 2021. In this article, we look at the extension to the deadline and highlight key dates and issues you need to be aware of.

Power of Attorney – Can I delegate tasks or get assistance with my duties?

Wednesday, 17 February 2021

Fraser Scott

Power of Attorney

If you have been appointed to act as an attorney on behalf of an adult you know, we understand that you may feel daunted by the responsibility this brings. You may be required to make difficult decisions and carry out tasks you are unsure of. However, you do not have to go through this alone, and it is possible to get help and advice to fulfil the role.

Leaving money to charity in your Will – your questions answered

Sunday, 14 February 2021

Adam Swayne

Wills

A significant amount of charities’ income is made up of gifts left in Wills. Leaving a gift in your Will to a charity that you support could help them conduct vital research, or support society’s most vulnerable people. Without the support of gifts in Wills, many charities would fail to survive.

When does a Power of Attorney come into force?

Thursday, 11 February 2021