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Hidden history

30 March 2021

Most people are unaware they have the right to view privately held inheritance tax-exempt, heritage items. Viewings of such artefacts are currently suspended, but you can now check the register for the hidden historical gems you are entitled to see.

Inheritance tax on residential property

16 March 2021

Offshore trustees who are liable to UK inheritance tax because of loans made in connection with UK residential property, should consider the nature and terms of the loan if 100 per cent business property relief might be available.

What is the direction of travel for UK taxes

19 February 2021

The 3 March Budget will be a tight juggling act for the Chancellor, but tax increases are surely to be announced. Be ready with your plans if action is needed before the start of the new tax year.

When is a holiday lettings business not a business? A tax case shows that Parliament must resolve inconsistency

10 December 2020

An 81-year-old passed away having ran a holiday letting business in which he took great pride. Despite the business being treated as a trade for income tax and capital gains tax purposes, his daughter was denied inheritance tax relief on the basis that it was an investment business. This inconsistency in the law proves that reform is required.

Jack Deal

Director

Jack has spent his career advising independent businesses. Jack lead's RSM's rural group and accounting and business advisory team in the East of England. He specialises in independently owned farming businesses, landed estates and fast growing food and drink businesses.

Zoe Martin

Partner

Zoe is a private client tax specialist based in our Swindon office.

Stephanie Court

Associate Director

Stephanie is an Associate Director and heads up the Southampton Private Client team.

The rural community must speak up

21 July 2020

With a growing sense that capital taxes are set for reform, this presents grave concerns for the rural sector which relies on many capital tax reliefs for inter-generational planning. It also comes off the back of changes to subsidy support, trade tariffs and labour restrictions which already pose their own challenges. It is crucial therefore that the Office of Tax Simplification consults with the rural community and that the rural community voices its concerns.

Simon Jones

Associate Director

Simon specialises in private client tax, working with HNWIs, entrepreneurs and those with complex tax affairs, with a particular focus on rural and professional services businesses.

HMRC’s latest procedural changes to Inheritance Tax are welcome but staying alert to scammers is critical

19 May 2020

HMRC has announced that form IHT100 can now be submitted unsigned in a further relaxation of its procedures to combat the challenges faced by many during lockdown. Whilst a welcome change for many individuals, to reduce the risk of fraud HMRC should be cautious about being too flexible.

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