Capital Gains Tax (CGT)

Capital Gains Tax (CGT)

In this factsheet we set out how Capital Gains Tax (CGT) works and when it may apply.We deal with many calls about CGT. Callers are naturally concerned that it may apply when selling an asset, particularly shares and property. A common misconception is that if you dispose of an asset but do not rece

Inheritance Tax (IHT)

Inheritance Tax (IHT)

Inheritance tax (IHT) is a popular subject with callers to our tax line. Whether you are looking to protect your assets to benefit future generations, help your children get on the property ladder or help loved ones pay off debts, it is understandable that you may wish to minimise any tax payable. T

First steps when someone dies

First steps when someone dies

It can be hard to know what to do when a close friend or relative dies. Naturally, it can also be a very distressing time. It may be that the death is sudden and unexpected or it may be there was time to make plans about certain things such as the funeral.Whatever the circumstances there are certain

Wills

Wills

Making a Will can prevent a lot of arguments and uncertainty between friends and relatives and, more importantly, set out your wishes. There are some common myths around making a Will which we hear frequently from callers to our advice line. We look those myths and the legal issues involved in this

Probate

Probate

When there’s a death someone has to deal with the deceased’s estate – their money, property, other assets and other personal items. The person or persons who do this will need authority through a legal document called a Grant of Representation from the Probate Registry. This is often referred to as

Powers of Attorney

Powers of Attorney

We talk to a large number of callers each year who may be worried about a friend or relative being able to manage their financial affairs or their health and welfare. This can be for a number of reasons, such as their mental or physical needs, or because a certain transaction needs to take place (su