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What is STEP and what does it mean for our clients?

What is STEP and what does it mean for our clients?
The Society of Trust and Estate Practitioners (STEP) is a global professional body for lawyers that sets standards for training and education in the areas of Wills, Trusts, Estates and Tax. Full membership of STEP is seen as a kite mark of excellence in these areas of law. The pathway to full STEP membership is rigorous and requires lawyers to qual...
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4 reasons why you should use your ISA allowance at the start of the tax year instead of the end

4 reasons why you should use your ISA allowance at the start of the tax year instead of the end
Most investors understand that when we invest to see our money grow, we usually do so over the longer-term. This means that our 'not-so-secret' ingredient when investing is time. So why then do many investors wait until the end of the tax year to utilise their annual ISA allowance? Lots of us know that the early bird catches the worm, but apparentl...
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748 Hits

Legal 500 UK 2015 Results

Pinney Talfourd have been recommended in an outstanding eight categories by the Legal 500 UK 2015.
Pinney Talfourd LLP Solicitors have been recommended yet again when the Legal 500 UK results were published this week. These lists are carefully selected after rigorous assessment and provide a guide to the top providers in each region.



Pinney Talfourd is now recommended for excellence in the South East/ Essex area for:
Partner Stephen Eccles is praised for his ‘ability to grasp the key issues in complex cases’. His team is adept at handling shareholder, partnership, banking and director disqualification cases. The firm is also described as ‘streets ahead in terms of customer service’.

The firm is also described as ‘a reliable and proactive outfit’ that acts for small private owner-managed businesses through to large plc companies. Julien Pritchard is described as ‘an asset to have on side’.

Managing Partner, Philip Cockram said: "We are delighted that our hard work has been recognised yet again in such a prestigious listing. I am very proud of the team here and the fact that individuals have been singled out for their excellent work just goes to show that we are meeting our objectives of a first class service with first class results.”

If you would like to find out more about Legal 500 UK please This email address is being protected from spambots. You need JavaScript enabled to view it. or click on any of the listed categories to find out more about the teams.
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Tory pledge to remove family home from IHT

familyhome
The Conservative Party’s general election manifesto includes a commitment to introduce a new transferable ‘family home allowance’ of £175,000 per person from April 2017.

This will enable more home owners in the UK to pass their property to their children free of Inheritance Tax (IHT) after their death.

At present, IHT is payable at a rate of 40% on the value of estate assets in excess of the tax-free allowance known as the nil rate band; this is currently £325,000 per person. Married couples and civil partners can transfer their unused nil rate band to each other on first death therefore bringing the total tax-free allowance on second death to £650,000.

The proposed family home allowance would bring the total transferable tax-free allowance for married couples and civil partners to £1,000,000 thereby allowing parents to pass on their home to their children without any IHT liability on the death of the surviving parent.

The new allowance would be gradually reduced for properties worth more than £2,000,000, reaching zero for homes worth more than £2,350,000million.

The Conservative Party also announced that the full increased transferable amount will be applied retrospectively. Therefore if one spouse or civil partner has died before the policy comes into effect it would still benefit existing widows and widowers.

On a note of caution it should be remembered that the Conservative Party reneged on a previous pledge to increase the IHT allowance. The latest pledge raises hopes again for millions that they will be able to pass on their assets to their families free of tax.

Find out more about how this will affect your estate

Pinney Talfourd Solicitors has a large team of experienced private client lawyers who can reduce or even eliminate your liability for inheritance tax. We can also advise on the best way to retain your wealth with the use of trusts and careful tax planning. 
  
Please contact us on 01708 229 444 for more information or visit the Wills, Trusts & Tax page to find out more.
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