Welcome to the Spring 2021 Edition of Viewpoint
“Spring appears in whispers and hushed tones,” whilst, “Drowsy flowers come to attention, waking from their sleep…” wrote John Keats. It certainly feels as though the promise of brighter days is here, as I write.
In his Spring Budget, the Chancellor, Rishi Sunak, gave buyers and sellers reason to be happy, with his announcement that the Stamp Duty holiday, introduced in summer 2020 on purchases up to £500,000 if no other property was owned, has been extended to 30 June. He also confirmed that personal tax thresholds, capital gains tax and inheritance tax limits are all frozen until 2026.
Tax, and in particular inheritance tax planning, is a topic that many of you requested more information on in our recent Viewpoint questionnaire. Thank you for providing us with this invaluable feedback and for all your suggestions. We have included an article explaining the Residence Nil-rate Band in this edition and do look out for more articles in future editions on this, and other topics, that were most frequently requested.
We are also hosting our free inheritance tax planning and foreign assets workshop this Spring and also a Wills workshop.
I hope you enjoy this edition of Viewpoint.
