04 April 2018
Not only is most residential property now fully within the charge to inheritance tax, without careful planning tax charges can arise more than once and on loans and guarantees connected with the property.
01 March 2018
We are delighted to launch the latest edition of private client compass. In this year’s publication and videos we present a range of common scenarios for things like succession planning, property ownership, for people in business or for international aspects of private client.
16 February 2018
From 6 April 2017, income tax relief restrictions for loan finance costs apply to residential landlords which, as they are phased in, will put financial pressure on many.
22 November 2017
The Autumn Budget held no great suprises for individual taxpayers, with a focus on entrepreurial investment and tightening anti-avoidance. It is also welcome that the chancellor continues the commitment to raise personal allowances and the starting point for paying higher rate tax.
20 October 2017
From 6 April 2016, the amount that can be contributed into an approved pension scheme each year (ie the annual allowance) for tax relief purposes has been reduced from £40,000 to just £10,000 for individuals whose ‘threshold income’ exceeds £110,000 and ‘adjusted income’ is more than £210,000 per tax year.
23 May 2017
The Conservative proposal regarding how to fund social care costs in the future – dubbed the ‘dementia’ tax – raises many questions, but what about future tax planning? Will this be easy to navigate? Will it bring future complexity? Or will it be too difficult to implement
19 April 2017
Tax changes introduced on 6 April 2017 have led some landlords to consider whether property should be held in a company rather than personally. Full interest relief should be available to most buy-to-let properties held in a company, so on the face of it, it seems a better tax position – but is it?
22 March 2017
If you add up all the many tax-free allowances for different types of profits, and organised your finances to use them all, you could enjoy as much as £38,300 of income and gains without paying any tax at all. Now that’s a valuable prompt ahead of the start of the new 2017/18 tax year.