03 May 2017
A recent House of Commons Briefing Paper on Stamp duty land tax (SDLT) on residential property includes some interesting statistics, prompting us to consider the question – who really bears the burden of tax?
18 April 2017
The government’s pledge to not raise rates of income tax, VAT and National Insurance contributions during the current parliament (the triple lock) has meant that it has had to look to other ways of increasing the tax take.
18 April 2017
As we know, the Chancellor was forced into an embarrassing U-turn only a week later on the basis that the 2015 Conservative Party election manifesto had promised no increase in NIC (or VAT or income tax) rates: it is perhaps strange that no advisers pointed this out to Mr Hammond before he made his Budget speech.
29 March 2017
We are about to see the most significant changes to the tax rules for non-domiciled individuals since their introduction many decades ago. However, those affected are unable to plan effectively as the relevant legislation has yet to be passed.
28 March 2017
The corporation tax regime is complex and subject to a wide range of anti-avoidance measures. A lower rate and additional deductions for management expenses should be welcomed.
17 March 2017
As the end of the tax year approaches, what claims and elections should you consider?
14 March 2017
Some changes in inheritance tax law can affect your will. On 6 April 2017 the first tranche of the Residential Nil Rate Band (RNRB) of £100,000 will be introduced, with further increases up to a maximum of £175,000 by 6 April 2020. The conditions to qualify for the RNRB are such that careful Will drafting is required.
09 March 2017
The Budget has not brought any major surprises to the property sector. Relief from rates for small businesses and pubs as well as the extension of anti-avoidance measures may impact on genuine businesses. Inheritance tax and the restriction of interest and corporate losses to be introduced in April are still a concern for the sector
08 March 2017
Not quite goodbye to the dividend allowance but is it the beginning of the end?