Gifts are liable for Inheritance Tax (IHT) if you give away more than £325,000 capital in the 7 years before your death and while for some of us this tax charge can be unavoidable, it can be significantly reduced through tax efficient gifting.
Your guide on how to move in time for summer... Now is the ideal time to be looking for your new home so you can move in time for the summer and make the most of the longer days. So what do you need to consider?
With changes to the General Data Protection Regulation (GDPR) due to take effect on the 25 May 2018 you may want to think about planning.
Earlier this week the Cambridge Analytica and Facebook story hit the press. Following a Channel 4 investigation it was widely reported that Cambridge Analytica is alleged to have interfered with elections and created a Facebook App using some 50 million US citizen’s data.
This week I am starting in-house training at my firm, Wansbroughs solicitors. The focus for this is to ensure that everyone is ready for the arrival of the GDPR on the 25 May 2018. With less than three months to go, this is a good time to deal with it.
One new right to be introduced by the GDPR on the 25 May 2018 is data portability. This gives data subjects a right to receive their information from a data controller and re-use it with another service provider. It is most easily understood in context where this already takes place, for example the transmission of certain information where consumers change bank account or phone provider.