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An exemption that's far from trivial

17 February 2016

After a false start last year, we expect the new exemption for trivial benefits to finally come into force on 6 April 2016. The new exemption covers benefits in kind provided to employees where the cost of providing the benefit is no more than £50. In theory, employers should benefit from the simplification but with thirteen pages of new guidance now released, there are fears that unnecessary complexity may erode the anticipated administrative savings.

Low take up of the marriage allowance highlights policy flaws

03 February 2016

The new relief is designed to benefit low earning couples where one spouse has insufficient income to use their personal allowance. Where couples meet the conditions the spouse with the unused allowance is able to transfer up to £1,060 of the unused allowance to their spouse by applying online.

The looming Stamp Duty surcharge for landlords

03 February 2016

Consultation on the Government’s proposal to introduce higher rates of Stamp Duty Land Tax has just closed, and we wait to see what, if any, changes there may be. If the proposals stay the same, the higher rates will be three percentage points above the current SDLT rates - giving a maximum 15% charge on the highest slice of the purchase price above £1.5 million. Conveyancing solicitors be warned – you could be in for a very busy time…

What to do if you have missed the Self Assessment deadline

03 February 2016

Now that the 31 January deadline for Self Assessment tax returns has been and gone, so what should you do if you haven’t filed your tax return yet?

Will tax changes to carried interest affect UK’s position as a leading financial centre?

22 December 2015

With more than £6trillion of investments managed by investment managers in the UK, the nation is one of the world’s leading investment centres.

New CGT rules to place enormous burdens on taxpayers

01 December 2015

In last month’s Autumn Statement we heard about the Chancellors plans to advance the reporting and payment dates of capital gains tax (CGT) on the sale of residential property under new legislation to have effect from April 2019.

With subsidies being cut, can tax breaks help the renewables sector?

01 December 2015

With subsidies being cut and a number of valuable tax reliefs either gone or at risk, what tax breaks remain for the renewable energy sector?

The Summer Budget 2015...any impact on professional services?
Mark Waddilove

08 July 2015

A Budget has passed without any further attack on the LLP structure or ownership. But there were several announcements that will have an impact on businesses and their owners operating in the professional services sector.

Clampdown on pension relief
Mark Waddilove

08 July 2015

The Chancellor outlined measures to allow individuals to pass on their family home on death up to a value of £1 million without suffering inheritance tax, but the funding for this has to come at a cost to those high earners planning for their retirements. Step in changes to pensions.

Inheritance tax

We want to help maximise the inheritance you leave to your heirs. To achieve this goal it’s important to review what inheritance tax (IHT) could be payable, identify any exemptions and reliefs, and – crucially – plan ahead.

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