Tax and Financial Planning

• Late Payment of Tax – There Is Such a Thing as a Reasonable Excuse

  • Posted24 January 2022

  Those who pay their taxes late can expect punishment – but there is such a thing as a reasonable excuse. In one case, a man who failed to notify the...

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• Determined DIY Builders Score Important Victory Over HMRC

  • Posted10 January 2022

  You may understandably feel overawed by the might of the tax authorities but, with the law on your side, the balance of power is far more even than you might...

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• Deduction of Accommodation Costs from Income Tax – Guideline Ruling

  • Posted21 December 2021

  You are only able to deduct accommodation and other expenses from your Income Tax liabilities if they have been wholly, exclusively and necessarily incurred in the performance of the duties...

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• Inheritance Tax Property Valuations – Don’t Dispense With Professional Advice

  • Posted7 December 2021

  Residential property often represents the majority of a person’s wealth and valuing it for Inheritance Tax (IHT) purposes is, par excellence, a matter for professionals. In a case on point,...

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• Building Your Own Home? You Need Professional Tax Advice

  • Posted11 November 2021

  So-called DIY builders who ‘construct’ their own homes can reclaim VAT incurred in doing so. As one case showed, however, there is a very great difference between the ordinary English...

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• Seeking Investment Advice? Only Authorised Practitioners Can Be Trusted

  • Posted29 October 2021

  When seeking investment advice, it is vital to only use the services of authorised practitioners who are highly qualified and regulated by law. As a High Court case showed, it...

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