Herald - Issue 458

Page 66 • The HERALD • 30th May 2024 v THE HERALD - Proud to be part of your community v ASK A PROFESSIONAL Call our Waterside Team For a free initial meeting on Wills, Probate or Powers of Attorney Jasper Vincent Solicitors Unit 1 Chevron Business Park Lime Kiln Lane Holbury Southampton SO45 2QL Tel: 023 8089 0919 e: waterside@jaspervincent.com www.jaspervincent.com Out of hours appointments are available on request INHERITANCE TAX – DO YOU KNOW HOW MUCH TO PAY? Advice from Jasper Vincent Solicitors It was recently reported that HMRC have increased the number of investigations into the Inheritance Tax accounts that are submitted when someone dies. HMRC opened 2,029 investigations between April and November alone, recovering £172 million. is is part of a larger trend – with over 3,100 investigations and £251 million recovered in the previous tax year. HMRC have substantial investigation powers, for example to look at the deceased’s paperwork to look for evidence of undisclosed assets. ere may have been gi s made in someone’s lifetime which would need to be declared when they die if it was made within 7 years before their death. If it is established that more Inheritance Tax should have been paid then they will charge interest which can signi cantly increase the bill. e whole process can cause a lot of stress for families who have lost loved ones. On a positive note, many people we see both when they make their wills and when a loved one has died are pleasantly surprised to nd that there will be no inheritance tax to pay if you correctly apply the rules. Taking professional advice, both when you make your Wills and when you are the executor of an estate can save you substantial sums of money. Jasper Vincent Solicitors can advise you on Inheritance Tax both in relation to the preparation of Wills as well as the administration of estates as part of their range of Legal Services. For more information about Jasper Vincent Solicitors please visit: www. jaspervincent.com New Forest Bees Nest Pitching Competition: Showcasing Innovative Businesses in the Area Following last year’s hugely successful inaugural event, local business owners and entrepreneurs are invited to attend the New Forest Bees Nest Pitching Competition on Wednesday 26th June from 9.30am to 12.30pm at e Linden Hall, Lyndhurst Community Centre. is exciting event, organised by e IncuHive group in partnership with New Forest District Council, will bring together innovative business ideas and o er a chance to witness the nalists vie for a £1,000 cash prize. e event promises to be a great networking opportunity for local business owners, as well as an exciting way to learn about new enterprises being launched in the area. “We are excited to host the New Forest Bees Nest Pitching Competition and support the entrepreneurial spirit of the New Forest community,” said George Scott-Welsh, CEO of IncuHive. “This is an opportunity for budding entrepreneurs to showcase their ideas, win a great selection of prizes including £1,000 cash, and gain valuable free publicity.” Cllr Derek Tipp, New Forest District Council’s Portfolio Holder for Economy and Planning, said, “New Forest District Council is very pleased to again work in partnership with IncuHive on the Bees Nest competition. This builds on the work of the Council’s Start Up Support programme, also delivered by IncuHive. We encourage our local entrepreneurs to get involved in the competition and help to showcase both their business and the terrific entrepreneurial spirit within the New Forest”. ose interested in participating in the pitching competition are encouraged to get in touch to learn more. Whether you are thinking about starting a business in the New Forest, have done so recently, or know someone who is or has, this competition o ers a chance to pitch your product or service, gain valuable exposure and potentially win the £1000 cash prize. In addition, there is the opportunity for local businesses to take part in the Business Showcase exhibition at the event. If you would like to simply go along to the event and network with other local businesses, register for your free place at https:// incuhive.co.uk/upcomingevents-2. For more information on pitching or exhibiting, please contact Andy Pringle at IncuHive on 07817 065694 or by email at andy.pringle@incuhive. co.uk