Lisa Greenwood: Reaction to Budget 2018

31 Oct 2018 | Firm News

A budget to benefit who? Having spent the day at a Spa whilst the budget was on, I was keen when I returned home last night to find out what I had missed. I listened to the news on Radio 2 on the drive home – nothing mentioned. I went onto the BBC website and...

Lambert Chapman LLP Reaction to Budget 2018 – Is austerity coming to an end?

31 Oct 2018 | Firm News, Government and Budget

Under pressure to support No 10’s ‘end of austerity’ message, bolstered by revised growth forecasts from the Office of Budget Responsibility, and safe in the knowledge that it could all go out of the window in the event of a no-deal Brexit, the...

Lucy Orrow: Are you thinking of buying ‘off-plan’?

18 Oct 2018 | Firm News, Personal Tax Planning, Property Services

There has been a recent case going through the courts where Mr Higgins purchased an apartment in 2004 and paid a holding deposit but issues relating to the title prevented construction from starting.  Mr Higgins did not therefore move into the apartment until January...

Richard Hamilton: Do your charity accounts comply with the regulations?

8 Oct 2018 | Firm News, Annual Accounts, Charities

I was recently asked to run a training session for a local charity regarding common accounting issues and, whilst preparing for this, I was surprised to discover the number of sets of financial statements submitted to the Charity Commission that they deem to be...

Inheritance Tax Update from Lucy Orrow – Directors Loan Account

4 Oct 2018 | Firm News, Inheritance Tax

Did you follow the herd at the turn of the decade and incorporate your sole trade or partnership? The aim at the time was to reduce risk and increase security against creditors, which would still be true today.  In addition, the Entrepreneur’s Relief Capital Gains Tax...

Residential Nil Rate Band & Downsizing

26 Sep 2018 | Firm News

We’ve all come across people who in later life have decided to move to a smaller property, “now the kids have moved out” or “we don’t need the space, it’s too much work”, but how are these people affected when it comes to the new Inheritance Tax rules for leaving...