Articles in "Tax"

Despite the fact that Chancellor John Healey’s first Budget on 28^th October is likely to be a tax-raising one, investors and business owners shouldn’t panic or try and pre-empt what will be in the statement, according to a leading tax expert.

Drilling into the fact, no one was ready, accountants, clients, HMRC, software

The Government is soon to launch a Private Rented Sector (PRS) database, a national register for properties in England let by private landlords.  This is part of the Renters’ Rights Act and landlords who let property on assured or regulated tenancies will need to take action in a relatively short space of time when it goes live.

Many of us could be caught out by Inheritance Tax (IHT). Contrary to popular belief, you do not need to be mega-rich to owe HMRC a chunk of money when you die. I think most of us would prefer as much as possible to go to our loved ones, rather than HMRC.

For many, the most valuable asset they own is the family home. This can be especially true if the property was purchased a long time ago, perhaps by parents who had children living with them, and there has not been a need for the parents to downsize.

For US citizens and former US residents now living in the UK, the taxation of US pension arrangements can be challenging and an area of tax law where incorrect assumptions are easily made.

Inheritance tax (IHT) is extremely topical with significant changes made (and still being made) in recent years. 

Pensions have historically enjoyed a special status in inheritance tax planning.