Inheritance Tax

8 10, 2019

Will Tax Change after Brexit?

By |2019-10-08T09:20:27+00:00October 8th, 2019|Brexit, Business planning, Inheritance Tax, Personal tax, Tax|

In the run up to the Brexit deadline of 31 October, we look at frequently asked questions we hear from clients and provide answers when looking at potential tax changes after Brexit affecting your personal and business income.   Question: I work abroad, will I be taxed twice on my income after Brexit? Whether you are a UK national working currently in the EU or an EU national working in [...]

2 10, 2019

Your Guide to the New Inheritance Rules

By |2019-10-02T12:46:32+00:00October 2nd, 2019|Inheritance Tax, Property, Tax, Trusted Adviser|

The rise of property prices across the UK has lead to an increase in the number of people being caught out with a large Inheritance Tax liability hanging over their heads. If you are looking to safeguard your hard earned wealth for your children and future generations, you will need a basic understanding of how the Inheritance Tax (IHT) rules could affect you.  IHT is often viewed as a tax [...]

2 05, 2019

Tax planning for small businesses

By |2019-05-02T09:16:45+00:00May 2nd, 2019|Business planning, Inheritance Tax, Personal tax, Tax|

As we embark on the start of a new tax year, we consider the various tax savings options available to you as an individual and for your small business to keep your profitable and enjoy good cash flow management.  Pensions First up are pension contributions.  As an individual you are entitled up to £40,000 annual pension allowance per year, tax free.  Furthermore, any unused annual pension allowance not used in [...]

8 05, 2018

Inheritance Tax – time for radical form?

By |2019-05-21T18:37:14+00:00May 8th, 2018|Business planning, Inheritance Tax, Personal tax, Tax|

Inheritance tax is widely regarded as the most unpopular tax, with 59% of the public finding it unfair according to a YouGov poll. According to a report published by Think Tank, Resolution Foundation, the tax has limited revenue raising ability, which affects only 4% of estates in the UK and contributing only 77p of every £100 taxation, a pretty damning surmise making it ‘unfit for both the public and the [...]

28 04, 2018

Inheritance Tax – Have your say

By |2019-04-16T13:45:32+00:00April 28th, 2018|Business planning, Inheritance Tax, Tax|

The Office of Tax Implication (OTS) has this weekend launched to the general public and professional advisers a consultation to give all the opportunity to consider whether the current Inheritance Tax (IHT) system is fit for purpose. The review covers namely the administration particularly around submitting IHT forms and the complexity of the IHT rules and their perception and application by tax payers, professionals and industry bodies. The OTS also wants [...]