Written by Amelia Beringer, John FitzGerald
The government’s reforms to the inheritance tax (IHT) regime announced earlier this year, with the introduction of a new main residence nil-rate band, have once again put IHT under the spotlight. At the same time, recent figures show revenue derived from IHT to be at a five-year high.
While the latest reforms could help ease the tax burden of many estates, sensible estate planning should still be encouraged at an early stage, especially as this new relief will taper away. For net estates over £2m the residence nil-rate band will be withdrawn at a rate of £1 for every £2 over the threshold.
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I graduated from Cambridge University (Robinson College) in 2007 with an Honours degree in Geography before obtaining an LLB from The University of Law. In 2011 I joined Gordon Dadds as a trainee solicitor before qualifying with the Firm in 2013. I advise UK and non-UK domiciled HNW individuals on Wills, Inheritance Tax and succession planning. I also act for onshore and offshore trustees in the administration of trusts and estates. I find the challenge of providing solutions for clients with complex, cross-border estates or addressing difficult family dynamics very rewarding as I have the opportunity to develop a close relationship of trust with interesting people. I am a member of STEP having successfully completed the Diploma in Trusts & Estates. I have been recognised in Citywealth’s Future Leaders List 2018. I have over 5 years of post-qualification experience and spend 100% of my time with Private Client matters. I enjoy running (especially marathons), playing golf, music (singing and bassoon) and messing about on boats on the Helford River in Cornwall.