York The Wills & Probate at Wetherby urges families to act now and plan ahead for upcoming changes to inheritance tax
Families in Yorkshire are being urged to take action to safeguard their financial future ahead of upcoming changes to inheritance tax (IHT) rules. The latest budget announced a freeze on the IHT nil rate band and residence nil rate band thresholds until 2030, meaning more families are likely to be impacted as property values continue […]
Ware & Kay urges families to start the New Year with a legal health check
The New Year is often seen as a time for fresh starts and resolutions, but it’s also a good opportunity to ensure your legal affairs are in order. The Wills & Probate team at Ware & Kay Solicitors in York is encouraging local families to begin 2025 with a legal health check. A legal health […]
Anticipating Tax Reforms: What Farmers and Family Businesses Need to Know
As the seasons change and we settle into winter, the aftermath of the Autumn Statement delivered on 30 October is still fresh in the minds of rural family businesses. While the chancellor set out broad financial plans, the finer details—particularly those concerning tax changes—are expected to be rolled out in Summer 2025. For farmers and […]
How will the farm be dealt with after your death?
Handing over the farm you worked so hard on for so long to a new generation may seem like a heart-wrenching decision – which may explain why a University of Exeter study reveals that only 20% of farmers in the UK plan to fully retire. However, even if you intend to keep working until you […]
Local families urged to plan ahead to reduce their inheritance tax bill
Our Wills & Probate team at Ware & Kay Solicitors in Malton is encouraging people to plan ahead to help reduce their inheritance tax bill. Latest figures from HMRC show that inheritance tax (IHT) receipts were £7.5 billion in the 2023/2024 tax year, up from £7.09 billion in the previous year. By taking advantage of […]