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Inheritance tax was first introduced in 1796 in order to finance the war against Napoleon Bonaparte. Originally known as Legacy, Estate and Succession Duties, money was collected on properties worth over a certain value and paid back to the government. The basic idea was that only the very wealthy were caught under the net.
Article originally published by Hotel Industry Magazine
Article originally published by the Sunday Times
Pitmans LLP Solicitor, Alex Morgan, continued his impressive racing form by taking a double podium finish in the Renault UK Clio Cup Championship season finale race weekend at Brands Hatch GP.
Information may be inadequate, irrelevant or excessive, but is it still available?
The Inaugural Alumni Business Breakfast took place on 10 September. It explored the concepts of ‘Lean Thinking’, and how it can be utilised to make businesses highly responsive to the ongoing challenges faced by all organisations, both large and small. Focusing particularly on the themes of technology and entrepreneurship, a number of key issues around Lean Thinking were discussed.
Recent big data reports highlight its importance to businesses. Your company should explore whether it is making the most of the revenue streams that big data may make available to it.
The BBC’s Inside Out programme on 13th October will explore the current provisions for those with Dementia in the UK. Dementia can affect people of all ages and in this article we consider raising awareness and how employers can promote a positive approach to mental health in the workplace.
This week the Chancellor George Osborne pledged new retirement freedoms which scrap the punitive 55% tax rate on inherited pension funds. The proposed measure will apply to those inheriting cash held in a pension fund from April 2015. The policy is expected to benefit hundreds of thousands of families across the UK at a cost of £150 million each year.
Pitmans LLP has acted for its existing client Cohort plc and Cohort’s subsidiary SEA, on the purchase of Barnstaple based engineering business J+S Limited, for £12 million.
Pitmans LLP’s pension team welcomes the abolition of the 55% death tax on pensions as another step in the current Government’s radical pension reforms, making pensions yet more attractive and flexible than ever before.