You and the Law – 17th August 2011

Surprisingly well-off

When I work out what I own I estimate it will come to more than the inheritance tax threshold of £325,000.  Will my beneficiaries have to pay inheritance tax on the entire amount, or just the amount which is over the £325,000 limit?  CA

Only the amount that is over the £325,000 threshold.  With the increase in property prices over the last 15 years many people are likely to find themselves, perhaps unexpectedly, in your situation.  However there may be things you can do to avoid paying inheritance tax at all, and since anything above the threshold will be taxed at 40 per cent it’s well worth investigating.  I suggest you make an appointment to see a solicitor specialising in tax and trusts.

Pay cut on the menu

I have worked for a fast-food chain for more than five years.  We are currently paid double time (as stated in the employee handbook) for working on bank holidays, but as from Christmas they are proposing to cut this to time and a half.  Can they do this?  KW

Your employers can only alter your contract in this way if they can convince an employment tribunal that drastic cutbacks are necessary in order to stay in business.  If this is not the case you should get together with your colleagues (I take it you are not members of a union) to fight this.  Unless you agree to the change then to pay you anything less than double time on bank holidays will constitute a breach of your contract and you could ask an employment tribunal to award you the extra.  However your employers will probably put you under some pressure to agree to the change in writing.  Make sure that you state your objection, preferably collectively, in writing and keep copies of correspondence.

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  • Laura was extremely efficient and helpful. Both Laura and her secretary provided a professional, effective service, both quickly and communicating at all times. Many thanks.
    Mr B Worster Boone - Oldham
  • Lisa Wright
    Lisa Wright
    15:05 25 Feb 19
    Cassie was fantastic throughout our sale and would recommend North Ainley if selling or buying a house.read more
    Lynn Findlater
    Lynn Findlater
    18:55 01 Dec 18
    I have used North Ainley for a number of years. They have successfully dealt with my parent's wills and more recently the sale of 2 properties. The staff are exceptional and imparticular Cassie who took care of the whole process from start to finish whilst I was overseas. She diligently chased all third parties and kept me informed at all times. I would recommend North Ainley as they have proved themselves time and again over the last 10 years in all of my family's legal affairs.read more
    Idnan Ahmed
    Idnan Ahmed
    12:57 30 Nov 18
    Excellent service. handled my latest commercial purchase professionally. Would recommend to anyone who is looking for a solicitors who are proffesional and easy to work with. Top service.read more
    Lucy Hoy
    Lucy Hoy
    16:39 27 Nov 18
    Excellent! Very friendly and fantastic communication throughout. Nothing was to much trouble. Thankyou Vinesh and Cassie. Would definitely recommend.read more
    Anil M
    Anil M
    15:11 04 Nov 18
    Fantastic Solicitors firm. Very professional. Close to Oldham Town Centre. Answer all your questions and concerns. Keep you upto date at every stage. I have used this firm for many years in buying and selling property. You can not go wrong using North Ainley Solicitors.read more
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