More recent posts
-
Rental income under spotlight from HMRC
HMRC appear to be intensifying their efforts to clamp down on current or historic undeclared rental income, highlighting the need for individuals to bring their affairs up to…
-
Autumn Budget 2021: At a glance
Chancellor Rishi Sunak has delivered the Autumn Budget 2021. In this summary we provide some details of the tax changes announced that will be of interest to owner-managed…
-
Success and succession… a difficult balancing act
With careful planning, family wealth created by one generation can be protected and grown for future generations to thrive. Where is your wealth held? An important aspect of…
-
HMRC shift furlough focus
The Government’s Coronavirus Job Retention Scheme (CJRS) scheme ended at the end of September. HMRC’s attention will now turn to reviewing the accuracy of the claims made. It…
-
Is a wealth tax the answer?
A one-off ‘wealth tax’ has been discussed as a potential method to raise significant revenue in the UK, but would it be practical? A Wealth Tax Commission (WTC)…
-
Over-55s failing to check IHT implications
Despite many believing their estates will exceed the threshold, nearly a third of over-55s are yet to check how Inheritance Tax (IHT) could impact them. Research conducted by…
-
Was the stamp duty holiday worthwhile?
140,000 “extra” transactions have been generated in the UK from the stamp duty holiday, but who really benefits? According to a report from the London School of Economics…
-
Succession planning: no time like the present
With recent reviews into Capital Gains Tax and Inheritance Tax now complete, could this be the time for family businesses to review their approach to succession planning? If…
-
1.8 million properties pushed into higher land tax bracket
Due to frenzied market activity in the last 12 months, driven partly by the stamp duty holiday, nearly two million UK houses are now in the higher stamp…