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Inheritance tax fundamentals – new probate procedures

The Capital Taxes Office has issued notice that, from 26 April 1999, the probate registries in England and Wales will no longer need to see an Inland Revenue Account before issuing a grant of representation. The Revenue is introducing a new form P26A to take over this function of the account.

Form P26A should be sent to the probate registry with the application for a grant. An Inland Revenue Account must still be delivered to the Capital Taxes Office.

There is no change in procedure when applying for a grant of representation in Northern Ireland or for confirmation in Scotland.


Nature of the beast

The evolution of species is usually a slow and steady process. A similar pattern is normally seen with financial products. Over the years, new features or related services are added to gain competitive advantage or allow the products to adapt and serve different customer needs.Studies of evolution have shown that periods of exceptionally fast change […]

First Active caps for two years

First Active is launching a two-year capped-rate flexible mortgage.The rate is capped at 5.99 per cent for loans up to 75 per cent loan to value, increasing to 6.49 per cent for loans up to 85 per cent and 6.99 per cent up to 95 per cent loan to value.It has no mortgage indemnity or […]


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