The transferrable Nil Rate Band (TNRB) was introduced by the Finance Act 2008 and is available when someone has died on or after 9 October 2007, even if their spouse or civil partner died before this date. This was heralded by the Government as “doubling” the Inheritance Tax threshold for married couples and civil partners.
Now more than ever, as businesses are coming out of lockdown and reopening, it is so important to ensure that your business runs as smoothly as it can. Whether you are a well-established business or newly formed, Barwells is on hand to help with all your business needs. Barwells for Business offers a wide range of services to support and guide business owners to take the stress away. For a monthly subscription fee Barwells has 3 different levels to suit the needs of your business.
Making “gifts” is something that many of us do without realising the possible implications. However, making gifts can be a useful way to reduce or minimise any Inheritance Tax (IHT) liability on your death too.
If you have been made redundant and need advice regarding the terms of your Settlement Agreement, please contact our Litigation Department on 01273 582271 or email litigation@barwells.com to speak to one of our experts. Find out more about Settlement Agreements in the Employment section of our website.
Whether you are a newly formed company or well established, having a network of professional support on hand to provide advice on your business needs, especially in the current climate, is vital.
