Archive for September 2020

The effect of disposal of assets pre-death (Ademption)

You can probably carbon date me to a specific time, if I tell you that much of my youth was spent watching Paul Daniels and being amazed by his talents (and his bank balance by all accounts). His catchphrase was “Now that’s magic!”. He did some fine disappearing acts in his day. (If you don’t…

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Using the new Statement of Affairs

Well I have just completed my first Statement of Affairs as I saw that the system went live during the week and my first impression is that it’s a good system. Access is on the front page of ROS. It’s easy to use, keying in information is fluid and there doesn’t seem to be too…

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Income Tax Clearance and Tax Update

No, this is not an email about what’s happened to cashflow mid September, but it could be! It’s just a short note on the new world we are facing until we wait for Statements of Affairs (SA2) to come into being. A further issue that arises is the question of income tax clearance for your…

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Transition to Statement of Affairs

So it’s a new dawn in relation to CA24s which are no more and now are replaced with a Statement of Affairs. However, the old system is not gone altogether. I checked with my contact in Revenue and this is the information he provided. The new procedures in relation to the Statement of Affairs will…

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