Here you can download a copy of our Winter 2008 Newsletter.

Rather unexpectedly, in the Pre-Budget Report of 9th October 2007, the Government announced an effective doubling of the Inheritance Tax threshold for married couples or civil partners with immediate effect and, in some cases, with retrospective effect. The legislation to achieve this finally received Royal Assent on 21st July 2008. HMRC had been proceeding on the basis that the legislation would be enacted but were not, until now, able to finalise any estates which benefited from the new provisions.