There is a lot of guesswork surrounding how the new digital reporting regime will work in respect of the capital gains relating to the sale of residential properties by UK residents. Having listened to the HMRC webinar recently on this very subject, I am now much...
In the tax world, proposals often get made and legislation gets introduced and then gets deferred. This was true with Making Tax Digital and many other high profile changes to the tax profile system including the Class 2 abolition. However one piece of legislation...
Inheritance tax usually kicks in when the value of an estate exceeds the tax-free threshold of £325,000 and each year, an increasing amount of estates are having inheritance tax deducted before what’s left is distributed to any beneficiaries or causes. Total...
As part of my service to clients, I try and check out, periodically, that the client has strategies for: Retirement income Critical illness cover Life cover Income replacement It is nice to have all bases covered but sometimes one has to prioritise, especially where...
We are well aware of the charge on high earners for the Child Benefit allowance, which has been in place since 2013. This means that those earning over the £50,000 have a charge which means that the benefit is completely lost for those earning more than £60,000....
Planning for your future or planning for now? We are all aware that putting money into a pension enables us to save for our future retirement but have you considered the savings that are available now? Each year, we all have up to £40,000 of annual allowance for...
