Family Insights

Inheritance Tax – where are we now?

Inheritance Tax – where are we now?

As a business owner your attention can be pulled in various directions and second guessing what this or indeed the next few governments will alter within the UK tax code can be a distraction. If you are of the view that Labour’s wholesale change to the Inheritance Tax...

The deferral game

The deferral game

With much talk of the capital gains tax rates increasing in the October budget, we take a look back and also consider the options which may be available in future if now is not the right time to sell. Before April 2008, individuals were able to claim indexation...

What is the Trust Registration Service?

What is the Trust Registration Service?

It has now been over five years since the anti-money laundering directive which drove the creation of the Trust Registration Service was introduced. Initially the registration was triggered by a tax charge, however the requirements were extended to include trusts...

Can your child afford university?

Can your child afford university?

With exam season well underway, those wondering whether they can afford to go to university no doubt would advise parents to start saving early. With accommodation at a premium, the cost of living crisis not abating and tuition fees at their highest level yet; this...

Building for retirement

Building for retirement

With the 5th April fast approaching, tax year-end pension contributions are a popular savings and tax mitigation tool. Here’s a reminder of the key considerations: Personal pension contributions up to £3,600 (gross) can be made if an individual does not have relevant...

Death and Taxes

Death and Taxes

When a loved one passes away, the focus for personal representatives is invariably Inheritance Tax. Income and Capital Gains Tax should not be far behind in your priorities, however. Initially the personal representatives should focus on the income receivable and...