Dec 1 2025 | Legacy news, Legal update, News, Partners
The Charity Fraud Survey carried out by BDO in partnership with the Fraud Advisory Panel in 2024 found that 42% of charities reported fraud or attempted fraud last year. It is estimated that, on average, property fraud can cost charities between £102,000 and £197,000...
Dec 1 2025 | Facts & Figures, ILM news, Legacy news, Legal update, News
We are delighted to have had the following communication from HMRC, addressing one of our major concerns about the implementation of unused pension pots becoming eligible for IHT. “We are writing to you as an attendee of a previous HMRC workshop on Inheritance Tax...
Dec 1 2025 | ILM news, Legacy news, Legal update, News, Uncategorized
We are delighted that Ian Bond will be giving his reflections on the budget on Friday 5th December. In the meantime, we have produced a short summary of the changes about IHT that you can share with any interested stakeholders: Gifts directly to UK charities remain...
Nov 24 2025 | Feature, ILM news, Legacy news, Legal update, News, Partners, Uncategorized
Laura Soley and Alice Faure Walker, of ILM Corporate Partner Bates Wells provide an overview of changes to the Charities Act 2022. Laura Soley The Charity Commission has announced that the relaxations to the rules on ex gratia payments introduced in the Charities Act...
Nov 3 2025 | Facts & Figures, Legacy news, Legal update, News
The new Charity SORP (Statement of Recommended Practice) Regulations have now been published. You can access them here: Charities SORP 2026.pdf The key section for ILM members is Module 5, dealing with the recognition of legacy income. You can also access the guidance...
Oct 13 2025 | ILM news, Legacy news, Legal update, News
Representatives of ILM attended the recent Trusts and Estates Advisory Group on 10th September, and we can report the following: Negative feedback was received on making pension scheme administrators liable for IHT reporting and payment. Ministers have revised the...
