September 2010 Archive

Reduce your inheritance tax liability when receiving an inheritance

If you inherit money or assets from a relative or friend's estate, that inheritance may result in your estate exceeding the inheritance tax (IHT) threshold or increase the IHT liability of your estate. However, you can redirect your legacy or inheritance through a discretionary trust so that the funds do not form part of your estate for IHT purposes whilst allowing you full access and use of the funds.

Trading disclosure regulations - displaying your company name

New trading disclosure regulations came into force on 1 October 2008, replacing existing requirements and introducing some important new duties and some changes to the existing law. A company (other than a dormant company) must display its registered name at its registered office, and any inspection place, as well as any location where it conducts business (unless that location is primarily used for living accommodation). The registered name must be visibly obvious to any visitor to the premises.
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