Review of Inheritance Tax
In January 2018 the Chancellor of the Exchequer asked the Office of Tax Simplification (OTS) to look at inheritance tax and how this could be made simpler. More
Probate Application Fees to rise
Currently when personal representatives apply for a Grant of Probate in order to administer an estate there is a fixed fee, regardless of the size of the Estate. More
Major victory for holiday let owners
The last 10 years or so have seen a proverbial “ding dong” between owners of furnished holiday homes and HMRC. More
Record IHT receipts for the 8th year running
According to recently issued Government statistics, Inheritance Tax (IHT) receipts hit a record high of £5.2bn in the 2017/18 tax year. This is a year-on-year increase of 8% (£400m) on the £4. More
Britain’s most hated tax. Inheritance Tax and who is at risk.
Inheritance Tax (IHT) payments rose 8% in 2017, leading to HMRC revenue from the tax surpassing £5billion, for the first time ever. More
Inheritance Tax Simplification
The legislation relating to Inheritance Tax (IHT) and particularly its interaction with Trusts is particularly complex. More
Will your holiday let give you an Inheritance Tax headache?
Many holiday property owners put a lot of time and effort into making their properties attractive for letting and often it can seem like a full-time job, especially if you do not engage a specialist. More
Grandparent Trust – great opportunity for income tax savings
If you run your own business through a limited company and have grandchildren, or children over 18 and you are currently paying towards their education or other costs out of your taxed income then you. More
Tax Planning & the Family Home
Tax Planning & the Family Home – Take care to avoid disastrous tax results! (Register here for our IHT & Probate planning seminar on 1st March) As the fear of Inheritance Tax (IHT) increasingly grips. More
Why accountants are better placed to deal with probate
Over the last few months or so whilst we have been finalising our application to the ICAEW for a probate licence we have discussed how we can offer this new service to our existing clients. More