STOP PRESS: Finance Act 2021 (FA 2021) contains a number of measures, taking effect from Royal Assent on 10 June 2021, to take further action against those who promote and market tax avoidance schemes. These include strengthening information powers for HMRC’s existing regime to tackle enablers of tax avoidance schemes, enabling HMRC to act promptly
People are encouraged to check if they could be eligible to claim millions of pounds money from unclaimed estates (Original Story Birmingham Mail) People could be sitting on a goldmine in Birmingham with 208 unclaimed estates. Birmingham has more unclaimed estates than other city in the UK with money running into millions of pounds up
This case is a strong reminder to anyone considering Do It Yourself probate. You are obliged to make the fullest inquiries possible about the estate. In particular about lifetime gifts made by the deceased before submitting the Inheritance Tax account. HMRC is taking a hardline approach to non-disclosure of lifetime gifts. Mostly because these gifts
