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Why the new tax year makes planning ahead even more important

05 April 2017

The start of a new tax year is a reminder that it is never too early to plan your affairs tax efficiently for the coming year. Making plans now can help maximise reliefs and allowances, aid cash flow through the understanding of what tax is payable and when, and avoid a last minute dash to the finish line this time next year.

Year end tax planning (but not the usual stuff)

21 February 2017

With the end of another tax year fast approaching many will be considering whether any action should be taken before 5 April to mitigate their tax liabilities for the year. Whilst we should not forget the usual year end planning points, such as using ISA allowances, the 2016/17 tax year has a number of new complexities that should not be overlooked.

Trustees warned over tax return requests

12 October 2016

RSM has become aware of a number of incidences in which HMRC’s gateway system shows a tax return has been issued to a trust, even if no corresponding notice to complete a tax return has been issued to trustees.

When does a 'granny flat' become a second home?

13 July 2016

Proposed changes to legislation clarify how the new stamp duty surcharge will apply to property purchases that include an annexe.

PETs result in Potential Extra Turmoil for David Cameron

12 April 2016

In the week politicians’ tax affairs have come under much scrutiny we have taken a stroll through the IHT archives to uncover the history of the gift rules that have attracted yet more unwelcome attention for the Prime Minister.

Supreme Court decision could have implications for UK trusts

11 August 2015

A recent decision from the Supreme Court regarding the UK income tax treatment of a member of a Delaware LLC could have implications for UK trusts with overseas beneficiaries.

Still waiting for mañana – update on Spanish IHT refunds

05 August 2015

It is thought that those due refunds of Spanish Inheritance Tax may have to wait up to 9 months for their claims to be lodged and processed.

Do you qualify for the new IHT £1m allowance? Plannings the name of the game...

05 August 2015

The debate continues to rumble on about the complexities surrounding the new £1m Inheritance Tax Nil Rate Band (NRB). To recap, over the next four years a new Residence Nil Rate Band (RNRB) will be introduced up to £175k to be offset against a main residence inherited by direct descendants. But the real question is how far it really bridges the gap for children to inherit the family home tax free?

Property taxes - the good, the bad, and the complicated!
Joan Foster

08 July 2015

Real estate was definitely a hot topic in the Summer Budget, with both expected and unexpected changes.

Annual compliance service

Our experts can advise you on every aspect of personal tax, but it’s our holistic service that really stands out. Whether we are providing compliance or advisory services, we’ll stay in touch with you throughout the year regarding planning opportunities.

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