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UK Private Client: case law, probate and trusts, Court of Protection, vulnerable clients, tax/HMRC and devolved nations updates—12 September 2024

Published on: 12 September 2024

Published by a LexisNexis Private Client expert
Legal News
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In this issue:

  • Probate
  • Trusts
  • Court of Protection
  • Elderly and vulnerable clients
  • UK taxes for Private Client
  • HMRC Manuals updates
  • Budgets and Finance Bills
  • Pensions, insurance and tax efficient investments
  • Scotland, Wales and Northern Ireland
  • International
  • Question of the week
  • Additional Private Client updates this week
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Probate

HMRC updates schedule IHT430

HMRC has issued a revised IHT430 schedule, used when claiming or choosing not to apply the reduced rate of inheritance tax where at least 10% of an estate is left to charity. The section on qualifying charities has been amended following legislative changes, meaning gifts to EU charities no longer secure IHT exemption. See: LNB News 10/09/2024 40. Source: Inheritance Tax: reduced rate of Inheritance Tax (IHT430)—GOV.UK (www.gov.uk).

Trusts

Whether defendant held property on constructive trust for claimant (Parker v Parker-Bowyer)

The Chancery Division determined a claim arising from an especially bitter dispute between father and son...

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